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Headley Lamar

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Headley Lamar

Re: ratobranco post# 19430

Thursday, 12/24/2009 9:27:39 PM

Thursday, December 24, 2009 9:27:39 PM

Post# of 94785
The problem that I see with your school of thought is that a lot of the value for this stock is based upon future earnings and, the prospect of an up listing. If the up listing occurs, there will be no choice but to use the GAAP EPS because that is a requirement for any US stock exchange. So now we are looking at the GAAP EPS no matter what, which just had it's legs chopped off.

Even at a multiple of 14 times earnings it is overvalued using GAAP EPS. Today's news was bad....period.
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