RE:RE:The stock is in lala land That 50% growth rate will be sustainable for the foreseeable future and could accelerate due to government bans on plastic waste and many consumer companies, McDonald’s and Unilever to name a few, have said they will improve their plastic packaging over the next decade.
Add to that, many major retailers have ESG policies that include a recognition of the need to deal with plastic packaging. As an example, this is from Loblaw’s ESG policy;
“There is too much plastic waste in Canada. The impact of plastics overuse is a growing concern for our business and our customers. Our industry is a part of the problem and we must be a part of the solution.
We are assessing the use of plastic in our business to reduce or eliminate it wherever we can. Our efforts are centered around three distinct and complementary pillars: Eliminate What We Can; Better Manage What We Use; and Invest in Research and Community Clean Ups. To achieve this goal, we have developed an internal Plastic Steering Committee with a mandate to reduce the negative environmental impact of the plastic we use.”
Plastic waste is problem. Great companies like Good Natured solve problems that matter.
SkiBumRockies wrote: First off your Stockhouse Name has plastic in it so....that goes to show your probly a bio wrap basher.
Secondly.....YTD sales are up 50% from last year.....
So if next year it only grows at the same rate it will be pumping out 24 million a year in revenues.....
Single use plastic is being banned all over the world.....
And larger companies once they are rolling (publicly traded) usually trade at around 13 to 15 times earnings!
Sorry you missed the boat buds