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Tuesday, February 22, 2011 9:09:39 AM
Some have asked how accountants on this board would value TDGI
As an accountant, I value the 34 cents this way and I think 34 cents
is conservative
I start with Earnings per share for a year of 1 cent ( 4.71 million/
471 million shares)(This is what I think is doable for TDGI this year,
especially with Twelve doing very well)(it really should be earnings
per share for the past 12 months but I do not think 2010 is indicative
of what this company should do)
I apply an expected growth rate of 10% annually for the next 5 years
and leveling off to 4% thereafter
I apply a 25% confidence level that TDGI future earnings will
materialize
I use a 5% discount rate
I think this is very conservative IMO. This does not include any
benefits from a merger or if they hit on a blockbuster movie. I think
earnings per share is very realistic considering the success of
Twelve.
This is why I hold 3.8 million shares at a 4 cent cost avg.
As usual, thoughts are welcome but this is how I see it.
Chris
Target Development Group (TDGI) Stock Trading Info:
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