len...fill me in here, cause yes, you have me scratching my head, i'll admit.
I have never reviewed a stocks worth at this so called 'present' PE - I will gauge stock value on either the trailing PE that yahoo shows - TTM...PE ratio based on prior 4 quarters or the forward PE, based on 'next' 4 quarters - these are the quarters that will be based on the higher O/S. My argument was that the growth to me is clear, and the company may very well show 8-10m net income. On 18m O/S minimum, that would be 0.45-0.55eps, or forward PE 6-8....where is that assessment whacked out? The only negative you can take out of this is that earnings growth will show as 0 next year because of the dilution offsetting actual growth.
Don't quite understand what makes that way of thinking hybrid - its the most common assessments I've ever heard of. If your argument is true that present and future is all that's relevant, why would yahoo waste our time showing a 'trailing'??
