I think the price is dropping because people have started to look at the fundamentals of the stock.
Let's look an example
* assume that after their expansion (which is going to take time) they do produce 1.2 mil cases (and sell 1.2 mil cases)
* assume a profit of $2 a case (use your own number if you don't like this one). So $2.4 mil profit
* 302 mil shares on issue
Then we have
2.4/302 = .00795 profit (earnings per share)
0.16 / .00795 = PE of 20
For me this is a pretty high PE for what I think is a best case senerio. I don't think WW will let them make run away profits, the market is a pretty tough and fickle one. This is my opinion and I respect those that may have a differing one or a longer term view.
DIS: Currently don't hold was in the market previously upto 6 cents. Wish everyone all the best with this one, DYOR
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Last
27.0¢ |
Change
-0.010(3.57%) |
Mkt cap ! $35.67M |
Open | High | Low | Value | Volume |
27.5¢ | 27.5¢ | 26.5¢ | $2.907K | 10.76K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 24065 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 9738 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 657 | 0.275 |
2 | 158272 | 0.270 |
3 | 34065 | 0.265 |
3 | 145333 | 0.260 |
3 | 16885 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.270 | 658 | 1 |
0.280 | 9738 | 1 |
0.285 | 42653 | 1 |
0.290 | 3000 | 1 |
0.300 | 38751 | 3 |
Last trade - 15.37pm 19/08/2024 (20 minute delay) ? |
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