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Re: el_loco09 post# 84799

Tuesday, 04/27/2010 10:53:15 AM

Tuesday, April 27, 2010 10:53:15 AM

Post# of 111729
I think if you're looking at this as a long-term investment, you're looking at earnings, and how those earnings affect market cap.

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.