maybe that's there 12 month price target and he just sets a sell order to remind them!!!
the more figures i look at on these guys, the better they look. here's a scenario for you.
- 1.6mil loss first half - 3rd quarter revenue up 20%, cash flow positive. Company breaks even - 4th quarter revenue (unknown atm) will increase 40% over 3rd quarter. Company makes about $1mil profit for quarter. - loss for the year around $500k - cash flow will start to allow for small acquistions over the course of next year (Burden would already have a list!) - EBITA next financial year of $7.5mil (on Revenue of $35mil) at a P/E of 10 would be a price of 73 cents to take our broker out!
WFM Price at posting:
7.2¢ Sentiment: LT Buy Disclosure: Held