RE:RE:If The Seeking Alpha Article Wrote Something Like This I won't argue their numbers Don Rudy, I just am not ready to give them a valuation based on every lense product sold in the world. I listened to that clip of the Ceo and now he's talking back up lenses for cars, so you can add cars to that list now too. Maybe they are going to take over the world, but alot is yet to be proven. I posted my thesis a while back based on what they produced with their poc telescope. Re-post is below.
Craigbad wrote: Its hard to price the unknown Illumination1. Right now they have poc telescope and the US telescope market in total in 2012 was about $127 million market divided amongst 21 manufacturers.
https://www.prweb.com/releases/2012/12/prweb10276804.htm
About 11% of that is high end. Its not hard to do the math and figure how big the market is, and when compared to the fd market cap, the risk reward is easy to figure out at these levels.
I would love nothing more than to see the company succeed at other markets, but thats a long way off and probably alot of r&d money to raise along the way with no guarantee of success in scaling it down to a smart phone for 1 and doing it economically enough to have it built in to the majors devices for 2. Lots of money to be made long and short on this one, but I'm skewed towards more downside on this for now. Happy trading!