Net income was $6.6 million and GAAP EPS was $0.19.
A company that earns 19 cents a share is not a $64 a share company. Last year it was $42 a share and growth is somewhere between 2% and 6%--hardly worthy of the stock shooting up to $64. Sooner or later this thing is going back to $42. And all the people hopping on now at the top are going to left holding empty bags.
Undoubtedly, this stock is being propped up by the record stock market. A rising tide lifts all boats.
Isn't that 2.5 times SZYM's market cap? If that were the case why wouldn't Roquette just buy all of SZYM, get the whole company and save cash?
SZYM market cap is pocket change to a Roquette or any large company.
So multi-billion dollar market cap Roquette tried to steal SZYM's flour and patents because they are worthless?
65 food companies have SZYM flour in test because they want to up their costs 10 fold?
So if you are going to project a manufacturing plant to produce 2% of capacity, then yes, it's going to fail. What manufacturing plant in the world can succeed at 2% of capacity?
So get real. For all you know, Moema could be running at 50,000 MT by 2016. What's 50,000 MT of 12k per MT AlgaVia flour/protein again? Isn't that 600m? Out of Moema alone?
Well, lets be clear, at their max ASP for AlgaVia flour/protein, $12k per MT, and their current capacity of about 1800 MT, the biggest order they could accept would be for $21.6M a year.
Why would you stop their capacity at 1800MT? Moema when fully operational is capable of something like 100,000MT. It's only a matter of time.
Definition of a bagholder who is underwater by a lot. Thanks for making that very clear.
Why not respond to the substance of what I said? Why just name call? True, if if I were a short term rider, I'd be a bagholder. But I'm not so what difference does it make to me whether the stock is at $24 or $2? I'm not selling. Of course, I'd feel better if it were at $24 but I'd still be holding and waiting for a long term--45 year outcome.
Just because you lost your #$%$ and got out doesn't mean the people who diversify and allocate and hold for long term have. Fat lady's not even in the building yet. Game is still in the first quarter.
Forget the stock price? What color is the sky in your world?
today it's dark gray because it's raining. What's your point?
"Bottom line, as a company SZYM is a light year ahead of where it was a year ago"
Does that make you feel better?
Of course it does. Potential here is through the roof.
They are still losing more money faster than ever. But, it's really great that they are a light year ahead of where they were a year ago
Exactly. Tesla is losing money. Solar City is losing money. Lots of companies are losing money and still valued through the roof. It's all about what's in the pipeline. SZYM has one heck of a pipeline building. If Elon Musk were running SZYM with his marketing genius the stock would be at $100 right now, but it's Wolfson so the stock is at $2.50. Not much of a concern for long term investors.
I'm in it for the long run--5 years min. We'll see. In my book, the company's business is looking incredibly promising right now--much more promising than it did a year ago when the stock was at $15.
What are you jabbering about?
Forget the stock price. Look at where SZYM is now compared to where it was a year ago. Which is the better company? Right now SZYM has 200m cash, Moema fermentation working, 65 food companies conducting research and a dozen drillers interested in Encapso. If just one of those food companies places a 50-100 million dollar order, which is crumbs in the food business, SZYM is off to the races. A year ago, SZYM didn't have Clinton or Moema or 65 food companies or a dozen drilling companies.
Bottom line, as a company SZYM is a light year ahead of where it was a year ago.