RE:Actual sales 2020: $ 30 million minimum $ 60 million poss.Stockgurunews wrote: MRS has obligated $$$ in terms of delivery contracts in 2020 of $ 30 million CDN, this is a fact.
And this is only 50% of $ 75 million contract that has expiry dates, so if all gets obligated, sales will be closer to $ 60 million in 2020.
With MRS trading at $ 26 million, we are trading at less than 1 time of $ 30 million and 1/2 of 1 time sale of possible $ 60 million.
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MPO
At this point in time we have the following:
Q1, Q2, Q3 Expense for 2019 is $6.0 Million - Let's assume $8.0 Million Full Year
Your 2020 Sales Estimate at $60 Million gross - at 15% margin is $8.0 Million Net Revenue
Q1, Q2, Q3 & Q4 Estimated Expenses for 2020 - Assume $8.0 Million if nothing changes from 2019
To me this equals $0.00 EPS ($8M minus $8M)
15 or 20X EPS of $0.00 is still ZERO.
The Gerry Macguire quote of "Show me the Money" needs to happen first before I invest "The Farm" here!
So maybe we have a different investment philosophy Guru.
I will wait for more contracts to be awarded thank you.
Good Luck to you!
FI4