$$PERL Offers Real Upside for Value Investors
(NEW YORK)--Perla Group International Inc. (Pink:PERL), a leader in the international military, police and security solutions sectors, offers traders some real upside when you look at the fundamentals of the company.
Highlights
- Reduces Shares Outstanding from 484 million to 224 million
- Contracts with US military contractors, and United Nations
- Generating over $3 million in revenue, profitable
- Trading 2x trailing EPS
- Tight public float
Military Contracts
PERL has contracts with US military contractors, and the United Nations for armored vehicles, and other turnkey security and military equipment. As many experienced traders know having contracts with either the US or national militaries is the holy-grail for any company. PERL just recently announced a $665,000 armored car contract for the month of Feb, and is set to see even higher revenues from their aviation division, which recently closed a $1.8 million contract for luxury Yacht company.
2011 Earnings and Valuation
For the nine months ending Sept 30, 2011, the company reported revenues of $2,746,475, and total net income of $843,049. The company has little to no debt, and for the same nine month period the company had around $250,000+ cash in the bank.
If you divide that $843,049 net income by the 224 million shares currently outstanding, you get an EPS of around $0.004 per share. If you give PERL a PE of just 10 times earnings, you get a price of $0.04 per share, and this only off nine months results. Ludlow Capital, an equity research firm based in New York City, has issued a valuation target on the company at $0.08 to $0.12 per share on a forward PE of 15 to 20, and taking into account PERL Q4 2011 results which are pending.
Taken as a whole, traders can see PERL offers investors some real upside potential at a current price of only $0.008 per share.
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