CNN cardia bioplastics limited

Patents and plastics in the news

  1. 3,809 Posts.
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    Having a look at CNN and I like what I see for the price. 8.5 m market cap, contracts, income, customers and new patents in a high growth industry.

    http://www.plasticsnews.com/article...rd-for-aussie-company-to-play-on-global-stage

    http://www.whatech.com/market-resea...a-engineering-plastics-market-outlook-to-2018

    Compare the price to MEL, a gas company whose license is suspended, it has no patents or income and has tenements in a politically hostile environment, yet it still trades at 4cents with a market cap of 17m.  MEL is also in a merger but with a company it has never worked with on the other side of the globe in a politically sensitive industry - shale oil - when oil prices are crashing. If MEL can still hold 4cents in such bad times then my gut tell me there is room for CNN to fly a lot higher.

    I know we are not supposed to compare apples to oranges but hey, fruit is fruit.

    hmmm . . . to buy when it starts to rise or get in early before the boom?
 
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