How much do you think the company is worth? It's currently worth 600million and doesn't make a profit with sales under 100 million.
Ballemys for example was worth just under 1 billion with sales heading towards 300million before the China regulations halted that. They just got bought out for billion, im holding on until December and then they will delist.
The news lately which hasn't been much is Bubs setting up the foundation's in China and Vietnam, working with Alibaba and Tmall. In Australia they had a successful Alibaba Expo where they had a featured stall.
They also just released their Cow Infant formula. It's all good news and good for the brand but the share price isn't moving until the next sales update comes out.
We want to see how well the goat and cow formula is selling plus the organic range, the % and the margin which they are making.
The share price has been solid for months now
BUB Price at posting:
$1.23 Sentiment: Buy Disclosure: Held
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