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Saturday, July 02, 2005 5:42:32 AM
Earnings per share= Earnings/Shares O/S= 5 million(10 to the 6th)/1 billion (10 to the 9)=.005
PE Ration= Price per share/ Earnings per share= 20 = Price per share/.005= .10 dollars or ten cents per share.
If Hee’s earnings are just 5 million the stock should go to 10 cents using a PE ration of 20, which is a Warren Buffet conservative number. Remember the .com’s were trading at 80 or more. We just need half time to end and the marketing campaign to start. I think the second half will be more telling and a good ride. Plug in your own earnings prediction(1mil,2mil, 3mil, 10mil) and see what share price you get? Wouldn’t take many customers taking their products on a regular basis to get over 10 mil!
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