So, reading over old news I come across the following......
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Quasar Aerospace Industries, Inc. Revised Earnings Guidance for the Year 2010
08/6/2009
Quasar Aerospace Industries, Inc. revised earnings guidance for the year 2010. The company announced that at a special meeting of its board of directors on August 5, 2009, the board authorized the Chief Executive Officer to sign the agreement in principle to acquire Target Acquisition. This deal will more than double the previously announced forecasts for both revenue and profit for 2010. The company now estimates 2010 revenue will exceed $150 million and pre-tax profit is estimated at approximately $33 million.
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(Corrected)
With outstanding shares of 401mm and a profit of $33mm that places this as $0.04 earnings per share. As of this moment we're seeing the PPS at $0.0822...........Something doesn't add up.
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