PBLS- here is one contrary opinion:
I was getting bullish on PBLS but dilution always puts me off, makes me bearish, depending on the magnitude of the dilution.
PBLS has had much dilution recently and much more as of Friday, so:
AIG has 2.6 billion shares outstanding,
but it made 116.5 billion dollars in the last year- $44.6 dollars per share.
GE has 10 Billion shares outstanding
but they had annual revenues of 163 billion dollars.
So if PBLS now has 2.5 billion shares and allegedly made 166 million in revenues in 2006, that equals .06 per share in revenue.
BUT IT IS PROFIT PER SHARE THAT SETS SHARE PRICE. duh! LAST YEAR PBLS SAYS ON UNAUDITED/PREAUDITED FINANCIALS FILED WITH PINKSHEETS RECENTLY THAT IT'S EBITDA (HOW CAN YOU HAVE "EBITDA" IN THE PAST?)PROFIT WAS $6.465 MILLION- DIVIDED BY 2.5 BILLION = $.00258 pps.
PBLS CLOSED YESTERDAY AT .0125 = 400% OVER PRICED IN MY BOOK.
OK, TELL ME ALL ABOUT THE GROWTH MULTIPLE PBLS DESERVES AND WHY. REMEMBER, GROWTH HAS TO BE IN VERIFIED GAAP PROFIT- NOT DEBT/LIABILITY GROWTH.
GLTA
wave
P.S. MY MATH ALWAYS NEEDS CHECKING, AS DOES MY LOGIC.
Waves of Crude Oil & Natural Gas:
