From Garbage To Gucci

[wrongjoe]

CorvetteMark,

These numbers are designed to decieve. Notice how the "Net Profit" line for the other companies is blank? That because his 40% tax assumption gives SLBJ a Net Profit that is 60% of gross profit. According to Yahoo, here is the Net Profit line for those companies this shuckster leaves blank (and note that I'm calculating gross profit based on what listed on Yahoo, which may be different than what's in your link):

IIPI: 3.77M = 17% of gross profit

CRH: 1.16B = 19% of gross profit

LR: 1.65B = 31% of gross profit

And I have already shown that the net profit of PATK and LAWS is about 8% of gross profit.

Now why would SLJB outperform all of these companies in the Net Profit category to the tune of 60%?? They won't. And I suspect he picked the absolutely best performing companies in the industry to compare against.

I don't know who this guy is, but it's snow job. I stand by my earlier numbers, acknowledging the possibility of a $1 share price with rampant speculation and overvaluation (and a P/E of like 50), but if they need $4 to get to Nasdaq, or even $2 to get to AMEX. It ain't gonna happen next year. If a lot of investors are banking on that happening, this stock's going to have a hard fall when they realize it won't.