BLTA Pro Forma Fundamental Analysis..
I am going to put together a few figures for those who would like an idea of the potential value. I will be using the entire 300,000,000 A/S to come up with the values. The number of shares, fully dilluted will be around 230,000,000 however.
All figures come from BLTA's Pro Forma's from it's DOT filing.
Book Value 1 year
Equity $8,822,922/300,000,000=.029
Cash on hand
$4,051,000
EPS by Quater 1st year, 1 Aircraft
numbers are given based on a conserviative load factor
1st Quater $597,736/300M = EPS .002
2nd Quater $1,599,201/300M = EPS .005
3rd Quater $1,849,908/300M = EPS .006
4th Quater $4,632,571/300M = EPS .015
Annual EPS .028 X P/E 5 = .14 PPS
These figures are bare bones, worse case situation. The actual figures should be considerably more but I have provided a basis as to why the stock should trade .14+ based on forward looking events.
