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Tuesday, March 15, 2005 1:31:21 AM
Revenues for 2004 reported on the unaudited Financial Statements are approximately $41 Million with Net Income at about $6 Million. Outstanding shares are reported at approximately 6.8 million shares outstanding (therefore EPS is reported at about $ 0.89/share). The current price for VLXC is about $1.26 - $1.30/share. If the P/E were to be 10 times the EPS reported, then this stock would trade for about $8.90 per share. It is believed to not be unusual to trade at a P/E ratio of 20 times EPS, at this P/E Ratio VLXC would trade at about $17.80 per share.
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