Wednesday, March 29, 2006 11:54:06 AM
Here are some simple figures to mull over.
LFWK + Sulja Bros.
Shareholders equity = $0.6M + $18.8M = $19.4M = $0.0388 book
Net Income = $0.8M + $2.5M = $3.3M = $0.0066 EPS
Assumption (P/E ratio) = 20 = $0.132
10 = $0.066
5 = $0.033
Total Assets = $6M + $25M = $31M = $0.062 per share
For an unsolicited pinky this is amazing, heck for any pinky this is amazing. This one will make a solid OTCBB stock within the year. My guess is that the company is waiting for the completition of the Ambrose Project to break ground on the new project plus the merger needs to complete. With all of the stuff on the horizon this one should easily be trading at a 10 P/E. I still think 15-20 is reasonable. So even without the short squeeze that justifies a PPS of $0.10.
I'm holding this one LT.
P.S. I do realize that all of the financials are still unaudited and could change. So I do understand some disbelief, but come on. This one is selling at a 60% discount right now.
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