RE:2.26 to 2.30 our new home?I have been a shareholder for more than 15 years and have seen Photon go down to the verge of extinction . They have however somehow found their way back to where they are now listed on the Toronto exchange and doing incredibly well.
Their new management team is incredibly strong and dedicated to growing the company.
I see a number of analysts making their case and encouraging their clients to buy in. One analyst is Echelon and they have published a report dated May 10th 2018. They project that Photon will produce sales of 62 million for the 2019 year. It is my view that Photon will produce this $ 62 million sales target by the end of 2018,a full year ahead of the2019 projection.
Photon have provided guidance from their last MD & A for projected sales of 14 to 16 million. In the past their guidance has always been conservative, so I am thinking that the 2nd quarter and the following next 3 qtrs will produce about 16 million per quarter with the full year ending in sales of about 62 million. That said the $ 3.25 trading price should $ 3.25 by 2018 year end.
GLTA !!