FermentALG had good news earlier in the year, they are in the business of dyes and have found a significantly cheaper and more eco way of producing blue dye. THey agreed a contract with one of the major food dye buyers earlier in the year and this should be reflected in this quarters revenue growth? Shares dropped away since that announcement but I see them going from strength to strength off the back of this for the next few years, a very promising stock for a long position.
Comment:
Since this idea was put up, FALG earnings came out and they were very impressive with revenue up over 100%. They also talked about commercialisation of their algae as a superfood/protein additive and the USA deal for the commercial food dye is getting ramped up over the next year or two. They have secured 20 million in finding to bring this to fruition. I see no reason why this stock would not double in the next year. Happy trading
Trade closed: target reached:
150% return, unfortunately I exited the stock to concentrate on something else, bad mistake but idea was good