In the worst-case-scenario we will have 17 Million shares and then some in a few years. My personal goal for selling my shares is $40, I think I've mentioned it before When will I be able to sell?
Let's take last years 28.9 Million net profit as starting point for FY 2010. Let's assume a growth of 15% per year starting next year: FY 2010 28.9 Million FY 2011 33.2 Million FY 2012 38.2 Million FY 2013 43.9 Million FY 2014 50.5 Millon
Earnings per share: 50.5 Million / 17 Million shares = $ 2.97 PE-ratio of 15 on Nasdaq, results in a shareprice of 2.97 x 15 = $ 44.55 There we are, we've reached my goal!
And that in a worst-case-scenario! Can you imagine what a postive scenario would look like?
(I know that this last statement is not completely true, there are always worst case scenarios: bankcruptcy etc, but I guess it is safe to assume that will not be the case.)
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