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Re: snow post# 82422

Saturday, 05/04/2024 4:44:35 PM

Saturday, May 04, 2024 4:44:35 PM

Post# of 87815
Total number of shares is 5,800,000,000. At $2.00 per share the market cap would be $11.6 billion.

At a price-to-earnings ratio of 15, the company would need to have earnings of $774 million to reach a share price of $2.00. This is highly unlikely in year 1.

However, it is not unlikely for the company to have $50 million in earnings in year 1. With that, at a price-to-earnings ratio of 15, the market cap would be $750 million or $0.13/share.

Many believe $50 million in earnings is very low. Best to be realistic. $0.13/share by the end of the year would be outstanding.