Thursday, January 15, 2009 9:26:59 AM
We all know what has happened over the past two years. The two camps are divided about who to blame, especially those who will never blame themselves for not selling when the PPS was much higher. But I digress. But here is some new food for thought.
That March of 2007 PR stated:
"According to its most recent economic forecast, Spooz expects its total income in 2007 to be $3,271,253, increasing to $29,474,886 in 2008 and spiraling to $102,328,865 for calendar 2009"
Maybe just maybe my 2010 forecast for SPZI isn't so far fetched. Here's what rolling around in my head. Let's just add 2 years to those #'s we see. The reason being is simple, maybe it just took a little longer for things to develop than even Paul and Co. could see. Business' often change forecast because of market conditions. Why not SPZI? So with that said, we see some figures like this:
2009 = $3,271,253
2010 = $29,474,886
2011 = $102,328,865
Ok fine, now let's take those #'s and simply cut them in have to give a true # to report as earnings. We would see earnings #'s as such:
2009 = $1,635,627
2010 = $14,737,443
2011 = $51,164,433
Now let's divide those #'s by 5 billion shares for a starting point for a PPS and we see:
2009 = $.0003
2010 = $.0029
2011 = $.0102
And then finally stick in a very modest PE ratio of 10 and we get a final PPS for SPZI sitting at:
2009 = $.0030
2010 = $.0290
2011 = $.1020
The #'s I am showing are pure speculation but are just as reliable as all of the bashers continuing to tell us how the story is over for SPZI. I don't know, but the last time I looked SPZI is still alive. Yes, she is severely wounded and things look pretty bad. But none the less, she is still kicking after all that has happened.
I'm personally still looking at 2009 as being a hold for SPZI. There is still so much that could happen between now and the end of the year. If Spooz goes belly up, so be it. I know what the risk was and only invested what I could lose. But if she heals all the wounds and starts to walk again, it just a matter of time before she runs. I give it a 50/50 shot at either.
Good Luck Spoozers
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