Lownumba,
Here is some info, you seem to be interested:
(read the recent press releases for more info or go to www.veltexcorporation.com)
There is growing investor interest in Veltex Corporation (Symbol: VLXC) which currently trades on the OTC.BB (Pink Sheets) and is expected to move to the AMEX with the anticipated release of the 2003 & 2004 GAAP Audited Financial statements approximately March 15, 2005 and April 15, 2005 respectively.
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 $1.20-1.25/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.
