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 $2.4 mil profit
* 302 mil shares on issue
Then we have
2.4/302 = .00795 profit (earnings per share)
0.16 / .00795 = PE of 20
For me this is a pretty high PE for what I think is a best case senerio. I don't think WW will let them make run away profits, the market is a pretty tough and fickle one. This is my opinion and I respect those that may have a differing one or a longer term view.
DIS: Currently don't hold was in the market previously upto 6 cents. Wish everyone all the best with this one, DYOR
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- great prospects so why the drop
I think the price is dropping because people have started to...
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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3 | 75021 | 0.255 |
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1 | 3829 | 0.235 |
Price($) | Vol. | No. |
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0.280 | 23208 | 3 |
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