Got my last fill at .505. Now my largest portfolio position. Very confident about the future and the drawn out EPA approval has enabled me to build a nice position for a price well below I expected.
In the very short term uncertainty is high and the chart looks terrible but lots of material catalysts right around the corner. In 30 days we’ll have the Sep 4C and hopefully before then approval in the US - if we get that then expect some BIG name sales to get announced. These have already been alluded to in prior announcements. That’s a whole host of market sensitive announcements literally at our door now.
Meanwhile the June quarter printed revenue of $7.5m pre EPA approval and inventory has been built because of high demand. The market is massively mis pricing this stock IMO.
I have this on a FY21 PE of ~12x and 400% EPS growth - these are conservative numbers!
Got my last fill at .505. Now my largest portfolio position....
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