Friday, March 04, 2022 6:34:04 PM
Projecting what the company might make in earnings (hopefully 10% to 20% of income) and using a forward looking P/E ration of 16, the price would be about $1 per share for each $4 Million in yearly earnings or for somewhere between $20 to $40 million in income.
So the better the projections or expectations, the higher the stock price. I am looking for a good first year start at projecting $10 million in earnings, so about $2.5 per share price. Hoping for more. Much more.
All just my speculations. GLTA
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