Longwei Petroleum (fka LPIH)

[Drexion2004]

Very weird, looks like the presentation numbers were completely wrong.

"We are projecting revenue of approximately $322 million in fiscal 2011, net income of $81 million, and earnings per share of approximately $0.86 per share."

81M / .86 = 94.2M share count by 2011? So now the financing will do very minimal dilution? Hrm...

"The estimated net income for fiscal 2010 is expected to be approximately $34 million."

Using 94.2M share count, $0.361 EPS for 2010?

EBITDA of "$47 million in fiscal 2010, which equates to EBITDA per share of approximately $0.50".

-Fernando