RE:1933 Industries to have 24M in revenues by year end. will 10 mill of that be building sale?
Anyone have an idea when we bottom out?
KingSt wrote: Chris Rebentisch USA COO stated that 1933 will have 24M in revenues by year end. If you do the math this means that by Christmas the stock price should be at least $1 minimum. That’s not including upcoming catalyst like the banking bill and their expansion plans into other states and Countries. P/E * revenue= market cap.
At 10.375 times earnings and that’s conservative this is what you get.
24M X 10.375= 249M
249M shares outstanding
249M divided by 249M=$1
Imo this is low and I believe that we will be trading at the $1.50+ range with catalyst and a higher P/E ratio. At $1 that’s a 139% gain from today’s share price in just 7 months from now. Just imagine the share price in 2020 when they reach full production and revenues are over 100M for the year. GLTA