Wasn't comparing GSW/Amazon to Scharff- Amazon is probably not real but Scharff is. The comparison to GSW should be limited to relative valuation but I should also stress that the $50m GSW has could erode away with impending class action, so the comparison is slightly closer now. We don't know enough about YOJ's pricing power and structure (we assume it mirrors GSW variable rate of 20-29c per delivery) and barely any update or mention about Scharff progress since it was signed in Nov17. If Scharff truly delivers 1.1 m parcels per month and @ say 20c per parcel, we should expect revenues of $220k per month or $660k per quarter and add to say $200k from others should equate to $860k per quarter. That's circa $3.5m per annum revenues but at current mcap of $127m, that's still a Mcap/Rev ratio of 36x.
YOJ Price at posting:
16.5¢ Sentiment: None Disclosure: Not Held
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