$16 is not far down the road, its not even ON the road.
That would put the price at the jan 1993 highs. This stock has not traded anywere near the 10 since august 2006. That is a date well before the market crash so that means that the company was not capable to sustain such highs on it's own.
Dont get me wrong. would be sexy as heck, but i'm just a bit allergic to these kind of make belief numbers. I would even go so far as if to say that these were statements to sucker people in. Not that there is alot that can go wrong here, but 16?? come on.
How the heck would they get a shareprice of $9 to be reasonable when their income is mostly fixed by contracts. Planes still cost money and the people dont work for free. So indeed. Lets start with $1 as a first HIGH target. 0.40 / 0.50 is alot more reasonable shorter term. And if he is waiting for those magical $16 numbers then I dont know why he is posting here since it would take many many years and some miracles to get to that price. So riddle me this, why would someone post such kool aid numbers?
/me is making friends, but seriously .. there is no need to try and get people drunk on imaginary numbers. I propose to be more realistic and conservative. Lets work with decent numbers, decent expectations. When earnings come out this will most likely run. So that is enough reason to get in imo
