Cash 135 Million ! Net income 11 Million ! Basic earnings per share $ 0.87 !
Nice, nice, nice
Think of this: traditionally the 3rd and 4th quarter bring in more net income than Q1 and Q2. Net income: Q1 10 Million Q2 11 Million Q3 11 Million (assumption) Q4 11 Million (assumption)
That means a net income of 43 Million, divide that by let's say 14 Million shares: eps = $ 3.07 !!!
Multiply that with a very conservative PE of 5: price per share $ 15
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