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Re: Spikes Wire post# 693

Thursday, 11/29/2007 2:48:36 PM

Thursday, November 29, 2007 2:48:36 PM

Post# of 4745
$5? That would be wonderful, but my thought is that next year they make $0.30 per share in earnings (As you say. Assuming no stupid accounting debacle!) and the stock trades at about $3.50 by year end.

Which is still a LOT higher than the $1.01 it is at right now. Or the $0.32 it was at a month ago!

I'd like to see a good quarter first. The first quarter (The fourth this year should also be decent, but the year is not gonna look good, after the first two quarters of bad results with the reverse versus forward merger garbage)

Then, after a good first quarter, then we can build off that and have a good second one. ONe quarter at a time. But, I think we'll see all positive quarters in 2008, and about 30 cents net. So, it is trading at a forward PE of about 3 if I am right.

IF