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Saturday, October 02, 2010 10:49:08 AM
right in line with their growth rate. 45 million by Oct.
2011 and over 50 million users by yearend 2011. This may
be a tad conservative because i expect a monthly add rate
of about 2.5 million/month by mid year in 2011. So, if this
occurs then QPSA could have about 55 million users by yearend
2011. Using the Ladenburg Thalmann valuation chart on page
17 of their report, a 55 million user base (@ $15/user) would
translate into about $26/share sometime toward the end of next
year.
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