Not necessarily the data I was expecting and quite surprising for a specialist manufacturer and reseller to be netting just 10-20%. Are we talking Biodegradables or Plastics/Packaging in general?
Whatever the industry, if Net Profit is only 10-20% and that is the competitive nature of the industry we are in, we need to be seeing tens of millions revenue per year to see this stock fly.
The data on the Hygiene product space is clearly more promising, but there must be so many specialist areas not yet tapped into where margin is higher, particularly if we have a nichy IP e.g. Toner/Inkjet plastics, mobile technology etc - highly consumable areas that are clearly exposed to environmental concerns - one would think there must also be tax breaks associated with using EnviroFriendly components. Cardia needs to get aligned with lobbyists and legislators and have their ears to the ground in terms of global tax breaks available for use of their product.
CNN Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
