Tuesday, August 18, 2020 2:02:03 PM
Because of simple math:
They just signed a $5 million starter contract for Covid Spray in which they will profit $4 million and there’s probably plenty more contracts to come.
Let’s say they earn $20 million minimum over the next 3 months on Covid spray distribution.
Outstanding shares are only 1.7 million.
$20 million profit divided by 1.7 million shares is $11 in earnings.
What do you think a stock earning $11 per share should be worth?
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