Hannover House Inc (HHSE)

[speckulater]

TDGI Fairly Valued @ E.P.S. = $0.071





TDGI Price 3/9/12 = $0.0315

2011 (Trailing) Earnings Per Share = $1,400,684 / 476,511,945 = .00294

P/E = .0315 / .00294 = 10.7




Entertainment - Diversified
P/E Ratio: 28.4
http://biz.yahoo.com/p/industries.html


Entertainment
P/E Ratio 19.76
http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html


28.4 + 19.76 = 48.16

48.16 / 2 = 24.08

Average Entertainment Industry P/E = 24.08




TDGI has been profitable every Quarter in its two year existence. Growing profits in 2011 by 246%. Therefore, TDGI should at least have an average industry price multiple. (Because of consistent and above average growth, one could argue for much higher multiple).


True value TDGI based on E.P.S. x Average P/E:

.00294 x 24.08 = .071

TDGI Price Per Share = $0.071






TDGI/HHSE