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ForeverGreen Worldwide Corporation Message Board

  • gosnapgo gosnapgo Nov 13, 2013 3:59 PM Flag

    Thoughts from the Earnings Release

    The report that came out today has some real positives in my opinion:

    1) The company has become profitable
    2) $4.8 million in revenue for the quarter (up from $4 million in Q2)
    3) Anticipated revenue of at least $30 million in 2014 (in my opinion this is a very conservative estimate)
    4) Continued growth noted for November. Remember the company made the announcement recently of approximately $2.7 million in revenue for October (145% increase from 2012), which still has not been recognized by the market. This in my opinion is even bigger news than this earnings release. About 90% growth since August of this year!

    Overall, this is an excellent report. This also means that we will likely be seeing a major Q4 at or above $6.4 million as the company mentioned they will be exceeding $18 million in revenue for the year and are currently at $11.6 million in revenue.

    All in all, very positive news. And yet the market cap is still less than $28 million? Won't be for too long.

    Great report on Alpha today, the report is right on target. $4-4.50 will come once the company gets noticed. If you are in now feel fortunate to be in early.

    Good luck.

    Sentiment: Strong Buy

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