1812 Brewing Company Inc (KEGS)

[gitonwithit]

EPS boohya stuff, is this a good buy?

OK, we've batted around the share counts, put Cornell and co into a corner, whined and moaned about this that and the other, how about some EPS guesstimates.

For my personal rules, I assumed that the O/S as mentioned in the PR about Cornell converting remains at 369 million.

Here goes, I figure Wisebuys paid off 1.3 million in debt from 2003 to 2007. I assume that worst case scenario (especially since I am buying more shares, lol), that they used every bit of profit to pay off the debt. So, 1.3 million divided by 4 years comes out to $325,000 per year, or about $65,000 per store profit.

Before the Hacketts deal, I figure that we've got $325,000 in profit divided by 369 million shares which comes to .0009. Today's close of .0052/.0009 is a PE of 5.7.

That said, I want to point out that 1.3 million divided by the 35 million in stated revenues since inception is only 3.7 percent.

Now I doubt very seriously that every bit of profit was put toward the debt, I assumed much, there's a heckuva lot we don't know, and I figure I'm about an eighth of what is actually is. Including the Hackett's brand, probably a tenth or less of what it will be.

So, everybody guess at what you think the EPS will be. Think I've come up with the worst case scenario, however if anyone wants to top it, I need more shares, LOL.