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Re: mhart post# 280713

Thursday, 08/23/2007 5:14:05 PM

Thursday, August 23, 2007 5:14:05 PM

Post# of 311080
AFAIK, Earnest and I are not related. I do not know who he is; I only know him as EDD/Guy42.

If the things you mentioned were to happen, I would be happy for the shareholders who were able to avoid losses. However, for the share price to hit $1 without a reverse split, SLJB would have to be a $725m dollar corporation. If we take a very generous P/E ratio of 20 (Home Depot and Lowe's are around 15), that would mean SLJB would need to have net income of about $36m. Can you tell me how you expect them to achieve this when their current operations include Sam's, the trim shop (wait, scratch that, there is no activity at the trim shop), Alberta (wait, scratch that, they are not open for business yet), and umm... umm... Anyone? Anyone? Bueller?

IMO.
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