RE: RE: Bioniche valuation for Lorneg MM,
I think you'd see that beechs estimates are consistent even with a P/E analysis.
If you take beechs rev numbers, factor in a realistic gross margin from say 40 to 60% and apply a standard PE of 15 to it, you're pretty much in line with the $20+ beech comes up with.
So not as far fetched as some here would have us believe.