I dropped the net income to $2 million, and made it a little more interactive. It is very difficult to nail down a number due to all the variables. I think $2 million will prove to be close. We just don't know what mix of JV's there will be. Wholly owned, 90/10, 65/35, P2O ships, state taxes, tax credits, # of shifts, numbers are hopefully conservative, etc.
You can now plug in your own PE, and get the corresponding PPS. You can easily change the EPS if you would like as well.
The exciting part, for me, is that 25 joint ventures, and a PE of 100(likely, maybe more in early days), corresponds to a $100 stock price. If JBI plans to install 2500 over a few years, then one would think they plan to install around 100 or more in 2010. Pretty crazy to think we could see a stock price of $200+ in a year or so if JBI executes.
To know the truth, one must get rid of knowledge, as nothing is more powerful and creative than emptiness.