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Wednesday, August 19, 2009 9:28:59 AM
June PR :$4.7 million dollars in originations for the month of May 2009, with a net income of approximately $100,000.00.
Aug PR : 12,489,382 million dollars in Origination for the month of July 2009.
Doing the math the net income for the month of July is $265,000
With increasing originations we will have more net income, but guys, seriously, this is a 150% increase in 2 months. Show me any other company that has increasing revenues like this month to month...
Using the July numbers as reference, the net income for the whole year will be : 3.2 million dollars
Using the numbers in the ibox, Outstanding Shares
33,380,585 as of July 8, 2009.
This is a net income of $0.1/share
Using a conservative P/E ration of 5 but obviously should be higher for a company thats posting a 150% growth in 2 months, but assuming P/E =5, the minimum this should be trading is 50 cents and can only go higher... I am loading up the boat on this one as this is way way way undervalued IMO!!!!
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