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Re: Themistocles_I post# 11350

Monday, 11/07/2016 1:21:36 PM

Monday, November 07, 2016 1:21:36 PM

Post# of 76640
That would be totally realistic. Look, MJ stocks are using sales/price ratios rather than P/E ratios for valuation and trade at an average of 35x sales because it's in its infancy in an enormously high growth sector (see here: http://www.cannabisfn.com/cannabis-valuations-are-lofty-now-but-could-be-cheap-long-term/). If we use 2015 sales (2016 should be better), $3 million x 35 = $105 million divided by 95 million o/s = $1.10 per share. So .50 per share is more than achievable. These prices are gifts!