Wednesday, August 27, 2014 11:15:31 AM
Would you pay $30 today for every $1 in expected 2014 MSLP full year earnings?
$13.50 divided by $.45 (forecast 2014 earnings) = 30 PE
Further dilution lowers the forecasted earnings per share. There are already over 1.5million shares diluted not included in the forecast so that lowers earnings 10% and raises the PE accordingly.
Just put 554 shares up @ $13.75.
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