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Re: lceman post# 8004

Friday, 02/23/2007 8:14:29 PM

Friday, February 23, 2007 8:14:29 PM

Post# of 22533
$42,000,000 revenues x .10(industry average profit margin) = $4,200,000 profit(earnings)

$4,200,000 profit(earnings) x 10(industry average P/E ratio) = $42,000,000 Market capitalization.

$42,000,000 Market Cap / 325,000,000 shares Outstanding = .12923 price per share.

This is of course a rough estimate, but just goes to show that this is currently orders of magnitude undervalued.





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