UBI 0.00% 12.0¢ universal biosensors inc.

Sell-Off, page-6

  1. 48 Posts.

    Going back to my earlier post on P/E : I should have dug down a bit further. The last quarter, Sales were 1.92 M but Cost of sales was 5.15 M. Earnings is roughly (Sales - Costs). We are a great way off getting ahead. We need 3 or 4 times the current sales rate. (Years back, I had said "selling" was very costly).
    I put too much into this and can't afford to back out now but it won't have been a good choice, sadly, even though its a good company. Sensible to wait & watch.
 
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