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The market is fundamentally based on future earnings.

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Choi Member Level  Friday, 11/19/21 10:13:57 AM
Re: r2g2 post# 74628
Post # of 76406 

The market is fundamentally based on future earnings. If we were to project $10 million in earnings for next year, given the key metrics if this industry being anywhere from 50x to over 100x, our market cap would be $1 billion with a forward p/e of 100x. Sometime a forward looking p/e goes 2 or 3 years or even further than that. Something tells me we'll soon get news in contracts, and project a whole lot more than $10 million in earning for next year and beyond.

If we had the 6 football clubs in 2016/2017 today, our share price would be anywhere from $25 to $50...

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