Pennexx Foods Inc (PNNX)

[stervc]

Cal187, with that $37.50 PNNX Price Estimate...

I truly understand that you are using "8" as the current Growth Rate or PE Ratio. In my opinion, I believe "8" is far too conservative. I think if one were to research the actual PE Ratios for where any particular Industry of which PNNX would exist to trade, I believe that any of those Industries have a number far greater that "8" for its PE Ratio.

PNNX would likely exist to trade within the Software (Internet) Industry or the Software (System & Application) Industry.

The Software (Internet) Industry has 90.14 for its PE Ratio and 66.75 for those that would rather use its Trailing PE Ratio as can be confirmed from the link below out of taking such data from the Top 30 Companies within the Software (Internet) Industry:
http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html

The Software (System & Application) Industry has 144.40 for its PE Ratio and 110.90 for those that would rather use its Trailing PE Ratio as can be confirmed from the link below out of taking such data from the Top 363 Companies within the Software (System & Application) Industry:
http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html

I challenge anyone to do the math with those PE Ratios to create a PNNX valuation and then understand why stocks like MELI trades at $668.00+ per share with a Market Cap of $33.5 Billion... or... why stocks like RKUNY with a Market Cap of $10.3 Billion... or... why Visa is acquiring Plaid For $5.3 Billion... or... why Paypal is buying Honey App for $4 Billion... or... why Ualá has a $1 Billion valuation that was given to them by Tencent and SoftBank’s Latin America-focused Innovation Fund:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153489176

I think it is important to understand the logic behind the Price to Earnings (PE) Ratio. The links below should help to better understand the PE Ratio logic as being the ”growth rate” to help assess the fundamental valuation of a stock:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57154170
http://www.investopedia.com/terms/p/price-earningsratio.asp

v/r
Sterling