Mar. 18 at 8:39 AM
$SWMR Further evidence of why SWMR goes to a penny?
You know how hot
$PLTR has been. But its valuations are rather high trading at almost 90 times sales. Recently they inked a substantial deal with
$RXT. RXT in its own right has
$2.7 billion in sales; about 61% that of PLTR. But RXT trades at at a mere fraction of PLTR sales; .16 or about 1/6th of 1 times sales.
Knowing this, SWMR is also a supplier, in this case a VERY finite military class of "potential" customers.
1/6th of one times sales for SWMR puts the market cap at
$46,000 for the company.
And that is one penny valuation per share. Bt hey! Don't lose hope just yet. If somehow they manage to cook the books and fabricate
$16 million in backlog they haven't been able to fulfill for 2+ years, then the stock will go to 43 cents.
