SPINEWAY
So, lets see with what facts are we dealing here with here:
Spineway is a small French company which develops and sells medical implants. 90% of its sales are from exports.
Lately they announced more expansion on the Asian market.
They shown a growth in revenue compared to the last year.
They have a new senior marketing director since last year.
Some people think this is just a pump n dump stock, Im not saying there wasn't such an action last week when it peaked 1000%. The sudden peak of 1000% didnt ruin the company, it just made it more known to the public. So people got interested. Just like a week ago this group had like only 100 members.
The thing is, this isn't a company which is going bankrupt. They have products, they sell them and they expand.
Now someone is asking why did the price of the stock fell from 10€ to 0.001€ over the last 10 years. The answer is, they let more stocks out, so the price diluted itself. Look at the numbers of stocks traded in the year 2013, its like few thousand stocks traded per day. And today we have billions of stocks. So basically there was no big failure of the company which resulted with a stock crash.
Some medical experts will say, yes but their products arent the market leading products when it comes to spinal implants.
Yes, true. BUT just like on the smartphone market not everyone has the money to buy an iPhone, so theres a market for cheaper products. All the big companies in this field produce products for the first world countries like the USA and Europe. But the rest of the world has also to be served, and guess what? Thats were Spineway can contest with big companies on the price.This is why the Asia expansion is important. Once u have ur foot there and people know you, the sales will go through the roof. And remember, most companies have most of their sales in Asia.
Now my honest opinion. Has this company a future? Yes, definitely.
Will it hit 0,01€? In my opinion YES. It just takes time. Over the next months, if the numbers look good (which I expect), and the company gets some good deals everything is possible. It can go upwards.
Don't forget the Warren Buffet quote: "The stock market is a device for transferring money from the impatient to the patient".
TL;DR: This company is not just a pump and dump (even tho it was pumped at a point last week). Its not going bankrupt. It has the potential to grow to 0.01€. If they successfully expand into the Asian market it can be huge.
edit: this is no financial advice its just some reddit dude's opinion.
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