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Friday, August 12, 2011 8:45:10 AM
IMHO, a P/E ratio of 20 for a small growing company like HH is not unreasonable
I think we should be at a very low minimum of 6 cents
$1.4 million annualized based on Q1 net income/ 486,000,000 outstanding shares = .0029
earnings per share
at a 20 P/E for a growing small cap company = 5.8 cents or roughly 6
cents
The company only has to earn $2.4 million and a 20 P/E for a stock
price of 9.9 cents
so I think it is fair to be trading at least in the range of 6 to 10
cents based on what we now know.
This analysis deals with real numbers and real facts
Chris
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