American Premium Water Corp. (HIPH)

[fanglemeister]

A look at some simple business math inside:

Last PR about income said their single existing storefront netted $100,000 in May. That was during hard times for most real estate related firms. Updated income numbers would be useful at this point, here's why:

They say they plan to expand aggressively and have up to 4 storefronts in the near future, that's $4.8 million annual net income based on May's quoted numbers.

But being conservative, let's say they have two storefronts netting $200,000 per month by year end, and in turn predict $2.4 million annual net for 2010.

If the O/S is still 33 million shares at that point, that's $.0727 per share net income. That's why Rico stated the shares are a bargain at $.07, i.e., a likely forward P/E around 1:1.

Even if they print up a few batches of new shares to release to market for expansion capital, many LT investors will still like what they see with regard to the earnings growth here. Picture this outfit a few years from now, their plan for 400 employees instead of today's 40 comes to fruition, and they are clearing a couple hundred thousand each month.