Post by
petebrown1963 on Aug 06, 2020 4:53pm
Secular growth
...at 50% revenue growth this thing will be 12X sales in two years.
Except it won't because high-growth tech trades at 20X sales perpetually.
Take home is that these stocks see share price gains that match revenue growth.
We have 4-5 years here of huge growth in front of us.
Comment by
canyousayiii on Aug 06, 2020 9:05pm
To be clear, 6 months revenues are around Cdn$38.5 million. The newsrelease figures are in US$. Annualize them, apply a 20x sales multiple and the price target is just shy of $70. Things are not that simple, but it is a good measure to make a case that this thing is far from overvalued at the current SP.