RE: Fair valuation of EKO SPI think with EKO 's growth, you can put 20 times eps or you can try to put a value to the patents the own (usefull for a major that would make an offer....)
The stock climb to 10$ in 2007 for ONE reason: Fidelity.
Fidelity bought some shares at those level because they put a value to the patent at more than 10$ (I think 18$ was discussed at that point).
We were looking at a royalties business model at that time, now it's more profitable per unit but take more time.
I still think the best is a mix of both strategies.
I'M very happy of the AGM because filters are now the main topic.
50B$ in revenue in the industry in 2004... repeat business.
With all the distinctives values the filter of EKO has, it's a no brainner...
2010 and 2011 will be intersting to follow.
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