Fact is BUBS has suffered straight full year losses for the last 9 years.
Whilst the cheerleading squad is in overdrive, it seem to have missed that Biden only ordered these shipments to help relieve USA’s infant formula shortage. So whats that about? The USA has a fairly large dairy industry, same as Australia, so any shortage is not likely to be long term, and when they are back to normal BUBs product probably will not be required any more.
Regarding the 16th June Announcement, "Bubs expects FY22 Gross Revenue to exceed $100M and to achieve at least 100% increase on 1H22 Underlying EBITDA of $1.2M."
So about $1.6M NPAT annualised. Current Mcap is $404M, PE ratio of 252. Damn expensive stock and its surprising its held up pivoting around the $0.45 level for 14 months whilst a plethora of other far cheaper and more profitable stocks have been gutted by down selling in this bear market.
GLTAH, enjoy the upside whilst USA is taking BUBs stock, but when thats over?
PS: screenshots of planes and flight paths,,,,,,..seriously, are you sh1tting me? lol
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