Hi Mark, let me answer your CRII questions as best I can.
You are absolutely correct. It IS a niche market right now.
That is my entire point!
First, let me say that the current unit for $2000 is what they charge
hospitals, doctors offices, etc.. I'm assuming they'll drop it a bit for consumers.
But IF NOT... wait, no fear... they plan on offering an even smaller, less costly unit in March 1999 (3 mos away) for $1000 per unit (I'll throw in the Ginsu knives and potato peeler)
So, we are really looking at a $2k unit for 3 months, and a $1k unit there after.
Now, back to your point.
I beleive there are 500,000 people out of 100 million world diabetics
with the wealth to purchase a,as you call it, a "niche" product like this.
Look, if this unit was selling for $100-$300... we would have at least 30-50 million diabetics buying this unit.
I am not blind to that fact.
I am saying, there are 500K "well off" people out there in this world with this disease who want a better quality of life for them OR their children.
Again, do you own a home computer? Yes.
How much did you pay for it?
$1K? $2K?
If YOU have disposible income like that... I believe a small 1/2 of 1%
of diabetics do as well.
I believe it is much greater like 3-5%...but I like to be conservative.
If only 100,000 people buy a $1000 unit that is a $100 million market.
And this stock has a market cap of $15mil
How many units do they need to sell in order to justify a market cap of $15 mil (where they are now?)
7500 - 10,000 people in a 100 million person diabetic popuation.
So no matter HOW LOW you think the number to be... CRII is an absolute steal.
And what do you know, CRII up ANOTHER .10
$3.59
-DavidCG |
