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As you can see in that video this morning....
All three people LOVED KKD product versus the competition.
This is at the essence of why KKD is likely going to run big over the coming years...OR get bought.
One or the other.
Right now they are being accumulated by the smart money while the rest sit back and "wait for a pullback". The recognition phase for the smart money has arrived in the last couple weeks.
A 25% LONG TERM grower (whether in sexy technology segment or boring old food) generally gets a premium multiple.
25 PE x $.56 = $14 (bottom target if estimate is accurate)
Assume a healthier estimate of $.64
25 PE x $.64 = $16
Apply a premium multiple
30 PE x $.64 = $19.20
35 PE x $.64 = $22.40
Near term levels to watch:
Base Bullish: $16
Super Bullish: $22.40