Mark,
Great "find" re Doug Friedenberg. I'll bet you're right when you say <<He must have got some good answers.>> Not too many folks would drop $174K if they got bad answers, would they? <g>
I also agree with you that the 5-year, $250M projection is difficult/ impossible to project (& I don't see how any company can achieve and maintain a 25% net margin for very long), but I feel pretty comfortable with their 1-2 year outlook. Even though I was told by Greg @ ICC to "throw all the old press releases in the trash can", these acquaintances are evidently in place, at least to some degree. Also, and even more importantly, the actual test results are not fraudulent. The product is real (IMHO).
This publication did mention that these projections are "conservative". I don't know about that, but I do know that I'll be pleased if they come anywhere near these #'s. Glad you picked up on the PE of 20; I was trying to be conservative (is that possible when I'm saying in the same breath that this stock could make me rich?), but for HARD to reach $250M in 5 years, revenues would have to double every year (16, 32, 64, 128, 256) I was too embarrassed to mention a PE of 80-100, but it's OK to dream, ain't it?
BTW, I'm ignorant, but trying to learn. How did you pull up the 13D Edgar info? The links I've found just tell me "No ZMAX info available."
Thanks & good luck, David |