Phoenix Associates Land Syndicate (fka PBLSQ)

[Han2004fl]

so your P/E used is 3 ..

If I remember it right, P/E should be more of 5 to 10 for construction company ... but then again they have airplane service thing and oil thing and gas reselling .. I still think they should have P/E of 5 to 10.

Giving 815 million shares, pps should be .04 to .08 But if shares are more then just have to reduce the target.

For some reasons I thought EBIT would be like $20 millions or something. I guess I was wrong. But $7 million is not bad.