Net Income $1,395,606.00, should trade around $4.25 per share
Am I doing this right? Can anyone comment?
NAS reported third quarter revenue of $5,466,073, an increase of 23% from the 2nd quarter of 2014. Gross Profit rose to $1,235,248 from $430,601 for an increase of 286%. For the nine month period ending September 30, 2014 NAS reported Net Income of $1,395,606 compared to the same period ending September 30, 2013 of $(90,096)
If my math is correct, with 788mm outstanding, after the reverse there will be 3,940,000 shares outstanding. With a net income of $1,395,606.00 in the third quarter, that is $0.3542 per share times a conservative industry multiple of 12, NAS should trade around $4.25 per share post split! Is this right?
