Strategic Asset Leasing Inc (fka LEAS)

[jackg152004]

Nerves,

You are confusing the earnings per share formula with my previous book value calculation.

The funny thing is the Price to Earnings multiple is probably somewhere from 15-25x earnings for a growth company.

I also think cscomp's 30% net for MMTE is a little low. Remember, if it enters production MMTE is basically going to drill holes in the ground, pump out the brine into holding pools and let the sub do the rest.

My estimate would be closer to 50% net or better.

Thanks and have a great night!!!