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Friday, June 03, 2011 7:50:07 PM
Wait a minute. Here's a ten cent stock looking to a billion dollars in orders? What's wrong with this picture? Either the firm is smoking a funny pipe, or the stock is so grossly undervalued it's almost comical. I can only assume the 3500 HAZMAT units mentioned would be intended as constituting a first order in an anticipated series of orders if said testing is successful. Otherwise, the individual units would be prohibitively expensive and priced far beyond what they currently sell. As to the firm smoking a funny pipe, the company doesn't make up tall tales out of whole cloth from what I can discern. Indeed, they often name their clients in their PRs. Therefore, this is truly an astonishing report, to put it mildly. I'm still rather in shock albeit fumbling with the calculator. A billion dollars in sales at, say, 40% net profit margin would yield $400,000,000. Divided by 120 milion shares would yield $3.33 earnings per share. Given a multiple of 20 for a growth company, that would equate to market price $66. The stock closed today at $0.11. Pardon me while I reach for the smelling salts.
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esfs
These are my opinions and sentiments. Buying stocks poses demonstrable risks; you could lose all or part of your principal investment. Use iBoxes for DD start.
Buying gold won't save your soul, but it might save your skin someday.
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