News Focus
News Focus
Followers 90
Posts 6888
Boards Moderated 0
Alias Born 10/05/2006

Re: swifty714 post# 45573

Friday, 03/09/2007 7:48:56 AM

Friday, March 09, 2007 7:48:56 AM

Post# of 114954
With the O/S so high they will have to R/S to get to that price. I don't see 5.6 billion x $3.00 using a PE of 20 do you? Let's say they buy it down to 1 billion shares (not likely) do you see $500,000,000.00 (using the same PE of 20)? That math won't work. Until we get down in share count we will most likely stay where we are.

If someone else knows a better way please let me know.


Slow and steady is the way to go
All statements are my opinion and should not be considered an indication to buy or sell a security. Do your own DD.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today