Friday, March 07, 2008 5:33:00 PM
Lets keep in mind that:
CEO predicted 26+ million in income for fiscal year 2008. Let's assume it will be 28 million.
Total outstanding shares approx. 390 million.
Fiscal year end June 30th 2008.
Reasonable, yet very, very conservative valuation: P/E = 10
Let's do the math:
$ 28 million / 389 million = $ 0.072 EPS
Price per share June 30th, 2008 will be approx. $ 0.072 x 10 = $ 0.72
Hello, wake up everybody thats just 3½ months away from today! Today you could have bought this great stock for $ 0.34. Congratulations if you did!
CEO predicted 26+ million in income for fiscal year 2008. Let's assume it will be 28 million.
Total outstanding shares approx. 390 million.
Fiscal year end June 30th 2008.
Reasonable, yet very, very conservative valuation: P/E = 10
Let's do the math:
$ 28 million / 389 million = $ 0.072 EPS
Price per share June 30th, 2008 will be approx. $ 0.072 x 10 = $ 0.72
Hello, wake up everybody thats just 3½ months away from today! Today you could have bought this great stock for $ 0.34. Congratulations if you did!
Greetings from Holland and GLTA
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