Abh3vt,
Consider the following points. We are not using the company's last guidance for revenue.
Start again with 1st qtr. I calculate after taking out the unusual almost 14 cents.
You wrote:
Rev: 84.2MM
Less oper exp: 42.5MM
Less int exp: 11 - 12MM
Pretax: 23.5 - 24.5MM
FD shares: 57MM (assumes additional conversion of 5MM warrants)
FD eps: 0.41 - 0.43 Untaxed
If taxed at 35%: 0.28
I am assuming consistent demand from 1st quarter figures and costs the same as well.
Just a straight 4 * 1st qtr would be 55 cents for year. Obviously if you then jump the impact of 26% more on price and that 55 cents would be upped a lot more than 26%.
When I calculated previously $1.00, I came up with $106 million revenue during the process. I believe $21 million was rate of revenue for 1st quarter.
There is currently talk of a $10 million figure for sales in April that has not been resolved.
To sum up whatever the revenue, then subtract 53 million (I think is a reasonable figure) to get net income.
I believe there will be no taxes this year, but at some point they would kick in so that would justify a lower PE.
Depending on pipeline, I say then a PE range of 15 to 30+, so let us call it 20.
If earnings is exactly $1.00, I think $20 would be target.
sam
