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Re: None

Thursday, 02/11/2010 10:08:09 PM

Thursday, February 11, 2010 10:08:09 PM

Post# of 197654
Valuation is beginning to become attractive. I dabbled today. Anything near .05 is where I will really open the purse strings. It absolutely should not go below .04, at that point it would be trading for less than 10x trailing earnings. .20 is toppy, because that would be 10x 2010 projected income, if no shares go to the acquisition. $1.1 NI / 46.6 = .23.