RE:Patience! If we get $2 i would say we got lucky........ this will get bought out at $1.50 to $2.00
Couple of years back there was a company called Lake shore gold (LSG) - kind of same story- turn around, gold was in toilet trading at around 1100, but LSG was a cash generating machine. FCF and cash on hand was rock solid. it was around $1 or so and was bid for $2. Interestingly it was generating good amount of cash pretty much like PHO.
The key question is how long does it take for:
a) the Japan distribution to show up in results?
b) China deal?
c) New product funnel?
Patience until then.......
GLTA !!!