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Re: tilzman442 post# 207893

Monday, 09/21/2009 3:25:38 PM

Monday, September 21, 2009 3:25:38 PM

Post# of 346916
Think again. Stocks on the NASDAQ with the kind of growth SPNGE has, usually command a 50 to 100 P/E. Even based on old earnings of .011 per share, post split would be a $55 to $110 stock. Since that would be a bit unreasonable to buy at, several forward splits would be in order. Now take the possibility that earnings are currently at .05 per share, post split would become a $250 to $500 stock, requiring many more forward splits to make it attractive. Maybe you should look at a few NASDAQ stocks with 700 to 900% revenue and earnings growth (If you can find one) before you make your ridiculous claims.
SpongeBath

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