Sulja Bros. Building Supplies, Ltd (SLJB)

[Waverider110]

I made a stupid mistake there,

93M is pre-tax profit, not revenues. Haste makes waste.

I will assume your tax calculation is reasonable and correct, and using Party's 30 growth multiple, the projected PPS from the pro formas is $3.36. Of course he seems to down play 2007 to a lower growth multiple (trailing PE).

Still a significantly higher than Party's calculation in the $2.00 range. I need to go over his post again.

And as you say, that is a post tax net profit margin of 18.2%

You know what this means? Without more big contracts, SLJB will have to settle for an AMEX listing! Shucks....