Friday, April 04, 2014 2:23:55 PM
This article says Amazon’s trailing P/E ratio was over 3000 in 2013
http://www.thestreet.com/story/11808032/1/amazons-pe-of-3000-the-ultimate-buy-signal.html
Our present P/E at .05 is ~151. In comparison to Amazon, MYEC does not have massive distribution centers to build near every major city, large numbers of employees to handle products for MYEC will not be required, and overall MYEC has a lower overhead. In addition, MYEC will never have to invest billions of dollars into creating infrastructures such as Amazon Web Services.
All this to say that IMHO MYEC has a growth potential comparable to Amazon, which could valuate MYEC’s P/E at 3000 once the rest of the market knows what we know. A 3000 P/E would put MYEC at ~$0.99 based on 2013’s earnings.
Based on a conservative estimate of 10 million in earnings for 2014, using a 3000 P/E could put MYEC’s PPS at ~$9.72 by this time next year.
Do the math ;) MYEC$$
http://www.thestreet.com/story/11808032/1/amazons-pe-of-3000-the-ultimate-buy-signal.html
Our present P/E at .05 is ~151. In comparison to Amazon, MYEC does not have massive distribution centers to build near every major city, large numbers of employees to handle products for MYEC will not be required, and overall MYEC has a lower overhead. In addition, MYEC will never have to invest billions of dollars into creating infrastructures such as Amazon Web Services.
All this to say that IMHO MYEC has a growth potential comparable to Amazon, which could valuate MYEC’s P/E at 3000 once the rest of the market knows what we know. A 3000 P/E would put MYEC at ~$0.99 based on 2013’s earnings.
Based on a conservative estimate of 10 million in earnings for 2014, using a 3000 P/E could put MYEC’s PPS at ~$9.72 by this time next year.
Do the math ;) MYEC$$
My comments are not to be construed as investment advise. Please do your own due diligence and take full responsibility for your own decision to invest or not to invest in a stock.
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