Saturday, September 25, 2010 6:58:55 PM
Some food for thought going into next week. Technology sector P/E average: 17.38, industry P/E average: 30.4 (per yahoo finance).
IFXY:
7,000,000 (est.) earnings
155,000,000 O/S
= .045 pps (7m/155m)
.045 x 17.38 = $0.78 pps
.045 x 30.4 = $1.36 pps
split the difference and you get $1.07 pps. The key here is that we have real revenue unlike most pink sheets who often trade at ridiculous levels and dilute like crazy.
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