Redeye: OXE Marine - Approaching Launch of OXE300
Redeye increases near term expectations on sales and OPEX on the back of OXE Marines mixed Q4-report. We view the outlook as solid, expecting a significant sales ramp-up in the coming years, but believe the profits to linger as a result of a relatively large cost base in a low-margin industry. We reiterate our view that the stock, on balance, is fairly priced and leave our valuation unchanged. Read more and download the research update: http://bit.ly/OXEMarine Start following companies at Redeye to receive the latest equity research within Life Science and Technology. This is a