One interesting fact to note about Female Condom Market. I was under impression that the Female Condoms sale will be going upwards globally. But if we see the sales of the closest competitor of Cupid (FHCO) I find that the sales are declining Year on Year for them. Also the stock price also plummeting since 2013. I found out that the company stopped paying quarterly dividends to do the acquisition of other players and due to that sell off in stock price happening. Link .
There may be few things for this decline in Female Condom sales for this company
1. The company is facing tough competition from the competitors in the Global tender market(Cupid), but again their product is different polyurethane vs Cupids which is Natural Latex
2. The pressure may be there on the company(FHCO) due to currency fluctuations. They are having plant in Malaysia
If the first point is valid then we will be having a stellar growth rate for Cupid.Views invited.
Again, the recent presentation from FHC states that the Global Condom Public Health market is $400-500 Million. Link
Disc- Not Invested, On radar
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