Shearson Financial Network (fka SHSNQ)

[emulwa]

I agree with that. But I also believe this coming Q will be huge one because of these acquisitions and normal operations. Maybe blockbuster earnings record IMO. I can easily see this company being acquired by one of the huge financial institutions like Citi group or Wells fargo if the net worth (assets minus liabilities) is $40mil as per the most revent PR. If we use net worth to compute EPS, rather than net income, then we get 40,000,000/98,000,000 = 0.44. With industry PE of 50, we get PPS of 50 x 0.44 = $22 per share. But with net income of the most recent 3 months. I get 4,694,373/ 97,954,694 = 0.05. With industry PE of 50, we get 50 x 0.05 = $2.5 per share. With net income of the most recent 3 months
we get 1,977,262/62,012,424= 0.03. With industry PE of 50, we get 50 x 0.03 = 1.50 per share. I hope we have a huge profit in this coming Q to stay above $1.50 per shares. The market will correct itself and we will be where we are suppposed to be pretty soon. These are proven numbers and the deals are done deals.