Share price dips, why not to worry Remember. Sue said they are building a facility for low volume manufacturing and will contract out high volume.
low volume 100,000x$2000 a unit is $2B a year in sales. And the CEO is calling that low volume
the company is only valued at $500,000,000 today. The profits will be that on low volume manufacturing 25% of 2B is 500m. Normally a manufacturing company trades at 10x earnings
this low volume plant, when fully running, should put the share price at 10x earnings which is $50
and as per the CEO that is LOW volume. I can't imagine what high volume will look like
I wouldn't worry about a few dips and doodles In The share price. This is a bargain find and well worth holding and accumulating if possible all in my humble non professional opinion.
Day traders are trading this stock daily with no consideration of the fundamentals and consequently will push it around for a bit. Do not worry about it.