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Re: 37thirtyseven37 post# 68102

Saturday, 05/28/2016 12:29:57 PM

Saturday, May 28, 2016 12:29:57 PM

Post# of 78243
Well then 37, if we follow that a bit further to get a PE ratio. (Price to Earnings) and give it a multiple of Only 10 we get a price of .032 cents per share. Let us say a 10 multiple is too high and we cut it to a 5 multiple--- then we get a price of .016 per share ----cutting the PE in half again gives us a price per share of .008 cents per share and that is with a PE of 2 1/2, cutting the PE in half again to 1 1/4 gives us a price of .004 per share. Which is about 10 Times higher than the present price. Is there something wrong with my calculator? So, FOR STARTERS what is wrong with that? Please correct me if I am incorrect. If we do not get a gap opening on Tuesday, I will be a very disappointed individual. Let us not forget ---doing projections such as these is not easy. In this case we do have a bit to hang our hat on. However,they are forward looking statements by me and should be taken as such. I am a shareholder in REDG. As always 37 , thank you for your input. All the best to you. Tlsmd.

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