Elite Pharmaceuticals Inc (ELTP)

[Sankarad1]

Here is my highly empirical evaluation done with an over jubilant mindset :)

Normally, a reasonably successful stock market whiz says, investment can double every three years if sound strategies are applied. Assuming that is true and believing that Elite has been healthy and their strategies and directions are sound, they should be at the least doubling every three years. At that rate, the company ought to have grown to a value of 8 times in nine years (2 ^ 3). This translates to a share price of about $8.24.

Again, as I disclaimed in the beginning, it is highly empirical, over jubilant evaluation, with not much of scientific points to back it up and is just my opinion. I believe time will tell and/or some of the very educated folks here can throw in some constructive criticism.