Auto Parts 4Less Group Inc (FLES)

[1970billjohnson]

All you need to do is run some quick numbers on liftkits4less sales.


We know they have close to $10M in sales already and they are in a highly profitable business, so let's just use 20% profits.

They are also a very high growth company, going from a couple million in sales to 6 million to 10 million in just 3 years.

So let's lay out a table using $2,000,000 profits and then let's use a range of 10 to 25 P/E and 1 to 2B shares to see what the share price could be:


PE 1B 1.5B 2B
---------------------------
10 .02 .013 .01
15 .03 .02 .015
20 .04 .027 .02
25 .05 .033 .025


Now of course these are very quick and dirty back of the envelope calculations, but even taking the most conservative approach and as I have said from the start, this has a ten bagger written all over it.


Even if you cut that to $1M in profits, assume 2B shares and only a 10 PE (which is insanely low) you still have a half cent share price.