I am going from a combined Singapore and China market. Yes, there is huge upside to China but it will take a while to reach out to all of those people. Also, not all people enjoy the same standard of living in China than in Singapore so I guess my gut feel is that the market, while good, will not scale exactly and hence 5Million is my blue sky estimate.
If these guys end up making earnings of $1.35Mill per year, this stock will still be a good buy given its current market cap and the fact that they do have some great products already on the market.
RBY Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held