CDR....Your comments concerning edig and any other company's PPS related to earnings simply doesn't hold water. I realize it is one of the most important factors in the market determining the price, but it's not the gospel as you would like us to believe.
Even though edig has never shown a profit, the price will be based on the technology and it's future market potential and how that may relate to future earnings. We have seen it happen once and we very well could see it happen again.
In support of my argument I present the following. Now cutting through all the bullshit and difference between the two companies, please explain to me why the market is continuing to support this company with the deficits shown below.
Hey, there as many examples comparable to this as there are companies with positive earnings.
Amazon
Year/PPS/Shares, Mil/Income, Mil/EPS/Accumulated Earnings, Mil
98/$80 296 -124 -.42 -162
99/$90 327 -720 -2.20 -882
00/$15 351 -1411 -4.02 -2,293
01/$12 364 -567 -1.56 -2,861
02/$20 378 -149 -.39 -3,010
03/$44
5 Year Annual Growth Rate = 92.76
Market Cap 17,279 million
12 Month Hi/Lo $44.19 $14.21
