Sigh. I just wrote a kick ass reply that got nixe
Post# of 56324
Posted On: 08/31/2014 11:31:08 PM
Sigh. I just wrote a kick ass reply that got nixed because my page reloaded.
Short version:
MMJ is a hot sector and will only get hotter as governments realize prohibition doesn't work, and the news media keeps up their legalization agenda.
MNST (Monster Beverage Corp) is a penny to riches stock. They started trading in 1995. In June 2003, they were trading at $0.27 pps. Today, they are trading at $88.41. During that period, they've had splits (2:1, 4:1, 2:1). This is to just illustrate a growing SS along with bad ass growth. Not all stocks, sectors or share structures are the same. However, I like this comparison of growth and PE.
MNST's EPS is $2.42 with a PE of 36.53.
FITX, to hit a $2.42 EPS would require earnings of almost $8.5B. I think thats insane for short to mid term. Half of that would be $1.21EPS, or $4.25B. A quarter would work out to $0.605 EPS, or $2.125B.
I think FITX's PE, like MNST (hence the example), will be above 30. We have a TON of catalysts coming our way both as a company and industry. There will be another drawn out surge of hype. I think that FITX will see $20 in 3-5 years if government's decriminalize recreational MJ and Hemp Tech grows as it should. I base my thoughts off of expected EPS and PE (if you couldn't already tell). If you think I'm nuts, that $0.605 EPS ($2.125B earnings) at a PE of 35 works out to just over $21 pps. As a reminder, we're planning on growing/selling 1.3M lbs of MMJ.
I think your $2 pps comes at $0.055 EPS, or $194M earnings. If you factor in accelerated hype, which is reasonable, it could come well before then.
Sorry for the "abbreviated" version and thanks to Gaelic for continually reminding me of MNST's growth. I like this comparison.
Short version:
MMJ is a hot sector and will only get hotter as governments realize prohibition doesn't work, and the news media keeps up their legalization agenda.
MNST (Monster Beverage Corp) is a penny to riches stock. They started trading in 1995. In June 2003, they were trading at $0.27 pps. Today, they are trading at $88.41. During that period, they've had splits (2:1, 4:1, 2:1). This is to just illustrate a growing SS along with bad ass growth. Not all stocks, sectors or share structures are the same. However, I like this comparison of growth and PE.
MNST's EPS is $2.42 with a PE of 36.53.
FITX, to hit a $2.42 EPS would require earnings of almost $8.5B. I think thats insane for short to mid term. Half of that would be $1.21EPS, or $4.25B. A quarter would work out to $0.605 EPS, or $2.125B.
I think FITX's PE, like MNST (hence the example), will be above 30. We have a TON of catalysts coming our way both as a company and industry. There will be another drawn out surge of hype. I think that FITX will see $20 in 3-5 years if government's decriminalize recreational MJ and Hemp Tech grows as it should. I base my thoughts off of expected EPS and PE (if you couldn't already tell). If you think I'm nuts, that $0.605 EPS ($2.125B earnings) at a PE of 35 works out to just over $21 pps. As a reminder, we're planning on growing/selling 1.3M lbs of MMJ.
I think your $2 pps comes at $0.055 EPS, or $194M earnings. If you factor in accelerated hype, which is reasonable, it could come well before then.
Sorry for the "abbreviated" version and thanks to Gaelic for continually reminding me of MNST's growth. I like this comparison.
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