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Alias Born | 02/13/2005 |
Monday, May 16, 2005 10:50:57 PM
If it means say 1 Million in earnings per year, then if it costs less than 3 Million of 33% ROE, then it would be a good deal IMHO.
I'm just pulling these numbers out of my hat, because I don't know what the real deal might be.
I don't really understand all the worry about share count. If the EPS is growing accordingly, then it really isn't "dillution".
Clearly, the biggest issue is credibility. If Matin can address the foreign subsidiaries (consolidation) issue and work to become fully reporting, then we have something quite nice here. It may take some time, but why would he hire the C.P.A. firm in the first place? You don't need audited yearly financials to be on pink sheets!
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