Phoenix Associates Land Syndicate (fka PBLSQ)

[greenmonster]

(A post a few months ago)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.

Anybody doubt it ? "Check it out fool"
http://www.fool.com/School/RevenueBasedValuations.htm

NICE!!!!!!!!!!!!!!!!!!!!

Are we undervalued ??????????????????????

LOL

Jockee