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Epicore Bionetworks Inc. V.EBN

"Epicore Bionetworks Inc develops, manufactures and markets biotechnology products based on natural microbes and enzymes for the aquaculture, agriculture and municipal industries."


TSXV:EBN - Post by User

Comment by linpawson Apr 19, 2017 7:10pm
68 Views
Post# 26140088

RE:RE:Earnings report

RE:RE:Earnings reportThe new product as they described was an alternative to failed algae growth. I do not see that as a huge revenue generator right now because it is just starting. I would give it at least 2 years to realize profits from this. I am more focused on how much growth they can get out of China. The industry is massive and Epicore has only about 1-2% of the market there. To me, that is a more critical question. I have been looking to see how much penetration they are getting there. With their last couple of reports, it seems that legislative issues are still ongoing (i.e. permit to get their feeds imported). Curiously, the China commentary is missing in their last MD&A. My valuation of this stock is well north of $2 right now based on the cash flow they are generating. I say above $1 after this only based on their last quarter results, technical charts (will need to test previous highs at some point), and this next quarter growth in my opinion. This is simply my opinion based on studying this stock over the last 4 years. Love it!
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