NAN 0.95% $3.20 nanosonics limited

Thanks for your feedback Acaca15.I agree this stock is similar...

  1. 906 Posts.
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    Thanks for your feedback Acaca15.

    I agree this stock is similar to any startup -spending money to build a business faster than income.

    However, startups (like exploration, drug, etc) co's can still be valued (and valuations are typically forward looking, i.e. earnings, PE, etc in next 1 - 3 years).

    NAN is transitioning from exploration to production phase and with bluechips like GE and others endorsing their product, i expect that this provides added credence and reduces risk.

    the last few announcements seem to put it on track for greater things - plus, looking at their market, competitors, etc - this seems like a low risk/ high reward play to me.

    Thanks for your feedback - rgds
 
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