JNS Holding Corp (JNSH)

[dashrip417]

Another old PR !

Hey, when you're bored this is what happens. Think of it as reminding myself why I am in the stock.

From Oct. 13:

"The Company expects year end gross revenues to meet or exceed $6,800,000 to $7,300,000 of which does not include a one time windfall from its land deal of approximately $1,100,000 as this revenue has not been realized yet, as the closing has not occurred when it does the revenues and net income will be revised accordingly. The Company fully expects to report positive net income of 14% to 16%...."

That puts net income at roughly $980,000 for the year (14 percent of $7 million).

If the company succeeds in buying back enough shares to reduce the oustanding shares to 50 million, that would reset net income to about .019 cents per share. Giving FGFC a PE of .04 at its current trading price of .0085.

(I just noticed it actually closed at .009, hmmm, very interesting.)

If the buyback and revised share structure announcement -- leaving First Guardian in the vicinity of 50 million OS -- creates sufficient trading volume, FGFC could and should run to a PE of at least 4 or 5, short-term, meaning a 10-bagger from the current price level, up to a PPS of around 8 cents.

Unrealistic? I think not.