Tuesday, April 27, 2010 10:53:15 AM
Dennis Fisher at one point projected earnings of $5M in 2010 and $25M in 2011. If those come true, and we assume a conservative PE ratio of 15, at a o/s of 1 billion, our "2010 price" is .075, and our "2011 price" is .375
This does not account for the fact that the PE would likely be in the 25 - 40 range for a new/growing industry, and does not look 6 months ahead as revenue generating stocks tend to do.
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