RE:We need better information on competition Hi there Dileas48s,
You need more information on the competition?
Here's some:
Greendish
They're a division of Simor AG which itself is a division of Simor Industrial Solutions.
SIMOR Industrial Solutions Ltd, is a supplier for Oil & Gas, Water, Locomotive parts and equipment. Total revenues of SIMOR Ltd is 16 millions with 73 employees.
Sure, they have a nice website, but I can't imagine they make more than a million on recyclable containers. They definitely don't seem vertically integrated and may well be a customer of GDNP for raw products.
MrtakeoutBags
Small family owned shop in Pittsburgh. Zoominfo says 9 employees and 4 millions in revenue.
Too small rot even mention as competition. Anyway, they mostly sell paper bags.
Bulk Mart
As the name implies they're just a distributor/reseller, like any store, that happens to carry a few recyclable packaging products in their warehouse.
OK. It's one thing to have a website, but another thing altogether to claim as you did: "there's actually way more companies doing this than I thought (it's actually a little overwhelming). To me, this is a good news / bad news story. On the one hand there's a lot of space for us, but also a lot of competition."
You will not be surprised to learn I totally disagree with your "impression".
I'm long the stock (since earlier than nearly anyone posting on this board -check my messages here when the stock was 10 cts) and have been happily adding here while we consolidate gains before the next run up. What about you?
Cheers,
Hen