Does forecast revenue growth 2.7% seem conservative?
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Does forecast revenue growth 2.7% seem conservative?
Though apparently the market doesn't feel quite the same way...
Headwinds on currency with forward cover running out but otherwise excellent OMHO
Holding from low $2's . Its in a huge growth industry, people are getting fatter faster esp americans and when they get fatter sleep apnoea arrives. Holding Resmed too.
Craigs have a 1 year target of $4.91. Good bounce off 50DMA on big vol up 7c to $4.30 at pit.
That's what I'm picking will eventually happen. Along with an excellent product & organisational reputation, FPH have a portfolio of patents that are ripe for the plucking.
I was on a flight back from SFO once with a sales person who worked for one of the US-based competitors. Speaking off-record, she said their business was VERY impressed with the FPH products even though their own company had a much greater market share.
There is some turbulence ahead with the currency hedging so unless something like this occurs, I suspect the SP will stagnate or decline for a while.
DISC: Now sold 50% of my holding.
What company was that Z?