Pike Oldie from November 26, 2009
We now know Pike bought 160,000,000 for aroung .10 pps
In reply to: Kasode who wrote msg# 263436 Post # of 294537
Pike makes $276 Million on SPNG
If noboby lied - Pike makes $276 million
If we ever get a 10k and get back on OTCBB - I think 10k will show $56M sales $11M Earnings 500M O/S. This is .0224 EPS (earnings per share). A P/E of 15 gives us the PPS of .336 - If the O/S is 250M the EPS is .0448 so a P/E of 15 gives us the PPS of .672
But stocks are priced on future earnings so.....
If the PRs were true we had $70M booked for the first 3 months of the new fiscal year we are already in.....
August was $29M and $29M x 12 months is $348M without further growth - Let's add Dicon and call it $350M for "easy math" .. Earnings should be $70,000,000 -- past profit margins has been 17%-22% but could be higher with volume and the Dicon aquisition--- so we earn $70,000,000 or .14 EPS at 500M O/S
Our industry (soap)
commands a 17 P/E (but I will use 15)
If the O/S is 500M .14 EPS 15 P/E = $2.10 PPS- easy
If the O/S is 250M .28 EPS 15 P/E = $4.20 PPs- easy
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Pike bought 142 million shares for - lets say $7,500,000
he can sell at $2.00 and walk with $276,500,000
Buy all you can below .05 - If you believe Management - I hold 1.6 million shares and would love to see $1.20 - I report good news when I see it --and bash when I see bad stuff --- Moskowitz lied to me in an email - but I am not a litigant in the class action (yet)-- new trademarks this week means new products - or smokescreen -- we are selling a new green sponge in austrailia today -- but no 10k -- i smell a big payday but no 10k-- but make your own decisions -- read all my prior posts -- right 521 times - wrong 4 times ALL I KNOW IS- Pike is a big player who cannot be ignored - he knows facts what we don't
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