Tuesday, June 16, 2009 3:51:36 PM
5,000,000,000 A/S
Lets go a bit further...
Assume it gets maxed and the O/S becomes 5 Billion
Lets also assume they miss their sales projections by 50% and only do $68,000,000 in 2009.
Lets also assume their profit is 30% instead of the expected 50+%.
Now you still have earnings of $20,400,000
That gives you an EPS of .00408
If we trade at a P/E of 10 then we're right back to $0.04
Heck..... with a P/E of 5 we're back to 2 cents...
Come on people....
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