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Friday, April 17, 2020 2:44:31 PM
I know the company has set up the organization in the U.K., which they own, but it's very possible that that organization, not the U.S., may be manufacturing all the equipment for the contract, it shouldn't matter. As I see it, this contract alone is something between ten and one hundred times the business the company has been doing. I cannot say how much revenue we'll see in this quarter, but by next quarter it should be huge, and even bigger in the fourth quarter. I believe all that revenue is easily going to make our stock worth well into single digit dollars, and if additional contracts come in, as they seem to be, double digit dollars is not out of the question at all.
Let's allow for dilution and say our O/S goes to 750 million shares. Does anyone not believe that we could bring in $250 million in earnings. With a P/E of 10 we have a market cap of $2.5 billion, the share price would be $3.33 with a P/E of 30, the market cap is $7.5 billion, thus a share price of $10. I believe this is a low-ball estimate of what the total business the company is doing with both the U.K. contract and what appears to be a very rapidly growing demand for both equipment and fluids here in the U.S.
I certainly welcome others thoughts, but I believe that we've simply not yet seen that much market exposure, but when we do, you won't see this below $1 ever again.
Gary
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