RE:Record Earnings and Sales...Very Strong Outlook..triple upsiA great combination of increasing sales, increasing gross margins while keeping SGA expenses almost constant.
The end result is that while sales increased by 19% from 2015 levels, net earnings increased by 136%.
Plant densities continue to be optimized resulting in greater produce being produced per unit area of
soil.
Within a month another 8 acres will be brought into production.
With the latest in growing configuration, including the additional average ,sales in 2017 should be able to able to hit the $45 million mark.
That should elevate net earnings above the $0.20 level.
Taking into account outstanding management and sustained strong growth, a p/e multiple of at least 12.5 should get us to the $2.50 level.
The Urban Barn would be incremental to this..