WSCI $20 TARGET BASED ON $.90 FORWARD EPS: 5 minutes ago WSCI is the best buy on NASDAQ. WSCI is the next RICK IMO.. I see $20 this year. I project WSCI will have earnings of $.20 per quarter going forward. This is based on simple math:
-WSCI IS PROJECTING $10 - $11 MM ENERGY SECTOR SALES FOR 2008. SUBTRACTING THE $1.4 MM ENERGY SECTOR SALES FOR Q1, SIMPLE MATH INDICATES THAT ENERGY SECTOR SALES WILL BE $8.6 MM - $9.6 MM FOR REST OF 2008, OR AROUND $3 MM PER QUARTER. THIS IS MORE THAN DOUBLE THE $1.4 MM ENERGY SECTOR SALES OF Q1.
ASSUMING 20% MARGINS, THE INCREMENTAL ENERGY SALES WILL PROVIDE INCREMENTAL $.10 EPS PER QUARTER, RESULTING IN PROKECTED $.22 PER QUARTER !!
Apply the 25 PE for sector and WSCI can be a $20 stock.
Enjoy the ride..
As previously reported, we continue to believe that we will have sales in fiscal 2008 of $10-$11 million in this business alone. In addition, we are very pleased with our results as we feel our investment in new equipment and technology over the past year as well as the addition of key employees has paid off. We are positive about the future and believe that we will show continued improvement going forward.”
