Excellent FundamentalsSo Q1 was a blowout quarter with management delivering 0.06 per share, which doubled all the analysts projections for the full year.
In Q2 they delivered 3 cents, which matched the projection by most analysts.
After 2 quarters of reporting they have delivered a total of 9 cents or triple the full year estimates.
So what has happened to cause this deterioration in our share price. I think the revenue mix has scared folks. The lack of US buying of our products in Q2 is a result of the US firms loading up their warehouses in Q1 thus causing the blowout quarter. The Asian revenues have been growing and continuing to bolster our bottom line. I believe we will see the US revenue numbers come up nicelely in Q3.
With the Asian revenue continuing to grow and US revenue normalizing plus new products coming online we should easily see about 15 cents net income for 2020. 15 cents X a 20 multiple is $3. Lets not forget that we also have 40+million in the bank. So I am predicting $3 by early 2021. Best to the longs here.
Muff