Leatt Corporation, Inc. (LEAT)

[pungushe]

Lets guestimate a bit...

Lets say that the Q3 of 2007 is pretty representative of what is to come for Q4. (I don't think is to much of a ridiculous assumption since Leatt has been working on their distribution network the whole time. From the looks of their webpage, they have started distributing to Europe as well as USA, Canada and Australia)

So, lets say they bag another $5.5 million in revenues for Q4. That would bring 2007 revs upto $15 million, of which about $5 million is profits, right? Given that the company has issued 110 million shares, that would be an EPS of about $0.05.

Based on a pretty standard PE of 10-15, Leatt's share price could be in the region of $0.5-$0.75. Considering that todays share price is $0.2, isn't this one hell of a STRONG buy???

I've asked Investor relations about 2007 results and they say they should be posted sometime in March...