Remember the famous line from Wall Street (Martin Sheen) : "I don't sleep with no whore and I don't wake up with no whore!"
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This stock is trading at 35 times current year forecasted earnings. I think you're seriously undermining your credibility on here claiming its cheap compared to everything else in the world today.
There's some mighty fine companies WITH great track records of doing what they say they will and growing fast trading at much lower PE's than that.
Manuka honey is not the elixir of life or a cure for cancer last time I checked BUT please feel free to post any medical studies that prove otherwise to justify the current price :)
Or this one from the wolf of wall street
Mark Hanna: The name of the game, moving the money from the client's pocket to your pocket.
Jordan Belfort: But if you can make your clients money at the same time it's advantageous to everyone, correct?
Mark Hanna: No.
lol. I told you I sold out at $7, check the thread a while back. I've got nothing in this.
My suggestion (**cough advice) was to buy in at $6.70 on the back of the take over announcement for a potential profit of $2 or $3 per share, with a downside risk of only $1. Even though it didn't turn out it was the right play.
I'm still confident a deal can be reached in the short term but it won't be the premium price "this year", however with the recent share price fall the odds are pretty much the same, so hence it's still in play.
The only ones laughing will the the take over party cause they've saved a heap of money on the back of a few Nervous Nellies.
Crystal clear the board and the potential buyer are miles apart so any chance of this thing going ahead is predicated on CVT proving they can justify the price with repeated run rates higher than what they're (possibly ?) on target for this year. Of course if they do achieve higher profits in the years ahead, (aka the same profit they made years ago when the weather played nice) the board will consider their shares even more valuable because a PE of at least 50 is warranted for such a high growth company with such world class management and governance didn't everyone on here already know :D