Dental Patient Care America Inc (DPAT)

[Stayeven]

The EPS is usually from the last four quarters (trailing P/E), but sometimes it can be taken from the estimates of earnings expected in the next four quarters (projected or forward P/E).

The projected earnings for 2007 is $2.2M (based on the 1Q revenues) and with 23.4M shares, that comes to .094 per share.

With a P/E ratio of 10 the PPS would be .94
With a P/E ratio of 22 the PPS would be $2.07
With a P/E ratio of 28 the PPS would be $2.63
(I used 22 and 28 because 2 other companies in DPAT's sector have these P/E ratios)

Am I way off base?

They plan on acquiring 20 additional practices in 2007. They have already closed on 5 dental practice purchase agreements in 2007. With 15 more to go, it is a fairly good projection that the revenues for the next 3 quarters will keep pace with the 1st Q.

I will know more after I get a call back from IR.