PPJ Healthcare Enterprises Inc (PPJE)

[tvmetguy]

PPJE-Valuation Estimate 3/30/10

1) OS is 4.7 bil and maxed

2) PR'd rev for 2010 stands at 1.5 mil, high margin, assume 30% net or income of 450k estimated

3) Assets of 4.7 mil (with 4.5 mil to be recovered still)

4) Earnings Per Share= Income/# Shares= .45/4700=.0000957, Use 20 PE for health sector/spec get a PPS of .0019

5) Based on some uncertainty, lets assume .0015-.0020 a likely fair value...

6) PPJE seems to be adding new billing accounts every 2 months or so, would not be surprised to get 2 mil + in rev for 2010 and 600k earnings...PPS for 2010 may be .0025+

7) Debt seems minimal and likely paid off due to selling of shares in recent past, should have rev/profit for cash on hand from now on

8) Cheers+Squeeze!