Friday, May 16, 2014 1:56:11 PM
Unless my math is way off -- frequently the case -- with $1 million in net income for 2014, and 660 million outstanding shares, a PPS of $.045 implies a 30 PE ratio. At the same time by paying everyone in shares, the Company will be at 750 million outstanding before we know it. And, while year over year comparisons are impressive, revenues and net income for this quarter were about the same as last quarter.
Personally, I believe the Company when it says that it anticipates increasing revenues and net income going forward, and I am optimistic that the Company will have an outstanding year. I am very long the stock, and I agree completely that there is a lot to like here.
However, all things considered, I understand why today's numbers did not propel us to the next level, and it seems to me that the current PPS is about right.
Personally, I believe the Company when it says that it anticipates increasing revenues and net income going forward, and I am optimistic that the Company will have an outstanding year. I am very long the stock, and I agree completely that there is a lot to like here.
However, all things considered, I understand why today's numbers did not propel us to the next level, and it seems to me that the current PPS is about right.
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