Friday, January 29, 2010 10:38:37 AM
Do you have some calculations to support your .12 pps? With 125M shares outstanding, it's going to take a lot of net earnings to support that imo. We'd probably need to have revenues between 2.5 and 5M with a net profit of at least 500K or more to support that kind of price.
Let's just say we made 500K in NET profit (say 5M in revs with a 10 percent profit margin) over the next 12 months and that the SS didn't balloon anymore. I'll use a very optimistic 30-1 PE ratio.
500K/125M = .004 eps x 30PE = .12 pps.
I think those kinds of numbers are possible down the road but we need to see a few quarters of steady growth to see how much product we're really selling. We sold a whopping 26K in the past 2 quarters.
The 10K is supposed to be out possibly today based on last year but then FRHV filed a late extension and it didn't show up until 2/24 last year. That will begin to give us a little clue into our sales but most of these bigger deals won't show up for another quarter or two.
Let's just say we made 500K in NET profit (say 5M in revs with a 10 percent profit margin) over the next 12 months and that the SS didn't balloon anymore. I'll use a very optimistic 30-1 PE ratio.
500K/125M = .004 eps x 30PE = .12 pps.
I think those kinds of numbers are possible down the road but we need to see a few quarters of steady growth to see how much product we're really selling. We sold a whopping 26K in the past 2 quarters.
The 10K is supposed to be out possibly today based on last year but then FRHV filed a late extension and it didn't show up until 2/24 last year. That will begin to give us a little clue into our sales but most of these bigger deals won't show up for another quarter or two.
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