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Re: Mrlahey1 post# 9152

Sunday, 04/23/2023 2:34:37 PM

Sunday, April 23, 2023 2:34:37 PM

Post# of 21994
You are too conservative, IMO. Your calculations are based on P/E 10 where price is $2.20.
I am using industry standard P/E 30 which includes projections of future growth + inflation giving us $6.60 per share.
Melvin could be pulling new contracts every quarter like rabbits out of a hat. We have to start thinking how Value Investors would view GDVM / Veemost.

https://www.investopedia.com/investing/use-pe-ratio-and-peg-to-tell-stocks-future/