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Friday, January 29, 2010 10:26:42 AM
In 2010, BGEM is forecast to lose 560K according to the report so no PE value there yet.
In 2011, BGEM is forecast to make 736K. So 736K/107M = .006 eps x PE of 28.6 = .196 pps. (close to where we're at now).
In 2012, BGEM is forecast to make 2.7M. So 2.7M/107M = .025 eps x 28.6 PE = .72 pps.
And then into dollar land in 2013 and beyond based on PE calculations and Grass Root's numbers.
That's assuming the SS remains unchanged which I assume will not be the case. I believe Grass Roots used 120M O/S which is probably a better hedge which would lower my numbers. By 2012 it would be 2.7M/120M = .022 x 28.6 = .645 pps.
So great potential down the road but for me, I don't see it in the next year or so unless they blow away these Grass Roots numbers.
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