Sulja Bros. Building Supplies, Ltd (SLJB)

[uw86]

marionpolk: net profit is just that, net, aka net income, net earnings, bottom line etc.--PRE-tax income is the line on the income statement that is just that--so, you DON'T tax net earnings, ie. they have already been taxed--sljb's base biz did approx. 14 mm in revs last yr., @15% net = approx. 2.1 in net income x 15 multiple = a little over $30 million market value from base business-NOW add any cement deals etc., the one just announced w/40% tax rate will = about $4.7 million NET x 15 multiple=approx. $68 million in additional market value----so, when this cement deal is confirmed, watch the pps go back into the teens--and ANY incremental deals will have large leverage to PPS-and lafarge, new cfo in particular are all good---and thanks so much to hog, airys, and fish--and bring back Snips!