Veltex Corporation (VLXC)

[Growth And Value]

VLXC to attend at least 15 trade shows this year:
Let's say Veltex Apparel does 1 Million in sales per show.
That would be $15 Million in sales.
Let's say they get $5 Million in sales from surf apparel, orders from their web site, etc. They have 1.8 Million so far that we know of.
Total Veltex Apparel only would be $20 Million

If they net 10%, net profit would be $2 Million

$2 Mil / 7.5 Mil outstanding shares = $0.27

With a reasonable P.E. of 10, the price could easily be $2.70.

This doesn't even take in what the Canadian office could produce. This doesn't even take in Velvet Textile or K.C.A. Garments. The price should be at least $3 - $4 per share.

Am I being unreasonable? I don't think so IMHO!!!