If we use the PSR method of valuation to value Pebbles We have a screaming bargain.
Assuming $500+ Million in 2007 Revenue. That was communicated to me by management last year 2006 Said $500 Million in sales for 2007 "Will be surpassed easaly"
PBLS = .0296 PSR
(800,000,000 shares * $.0185/share) + $0 debt PSR = ----------------------------------------- =.0296 $500 million revenues
TXI
(24,000,000 shares * $75.06/share) + $310,000,000 debt PSR = ----------------------------------------- = 2.1135 $999 million revenues
2.1135 Div by .0296 = 71.40 x The share price of .0185 = $1.32 So if we used this peer(TXI) to valuate Pebbles we are worth $1.32 per Share.
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