Koil Energy Solutions Inc. (KLNG)

[jk21]

we had about .01 for Q2 without the one-offs, yes?

Right now we have:
4 mil in cash
10.6 mil in property/assets
900k in long term debt

13.7 mil / 174mil shares = .078 pps without any earnings, so right now, we can purchase the YoY growth for about 45 cents. wow.

then .03 EPS for this year (DR's projection + .01 EPS (excluding one time charges) for Q2 + negligible for Q1)

QED .108 for earnings, cash, and property/assets. and what PE do we assign for triple digit YoY growth? we are young, therefore risky. a PE of 10? or 15? or 20? 30?

PE 10 = 1.08
PE 15 = 1.62
PE 20 = 2.16

Now if we factor in next year's earnings, afterall the market does look forward.....so we have .108 still for cash and property/assets....and for next year DR projects .11 for earnings.

so we are looking at .218 x PE

PE 10 = 2.18
PE 15 = 3.27
PE 20 = 4.36

Am I wrong here? anything way off? i'm just trying to look at it very basically and i didn't pore through the q's but i did take the numbers from there. even if we take out the cash and assets and just go with earnings for '09, then:

PE 10 = 1.10
PE 15 = 1.65
PE 20 = 2.20

Again, am i way off here? comments?