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bocxman

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bocxman

Re: cannonball2010 post# 697

Tuesday, 07/19/2005 9:30:21 AM

Tuesday, July 19, 2005 9:30:21 AM

Post# of 30387
Cannonball: Read Wittenberg's quote again -- he said revenues in the 10's of millions WITHOUT COSTS INCREASING. That is the whole point of a royalty business model -- smaller dollars but no overhead. I used $19 mil as my earnings, which is $20 mil in revs minus $1 mil in fixed overhead (the current burn rate). You can bump up the fixed overhead # if you like and it won't make much of a difference.

DISCLAIMER: NEVER ASSUME INFO ON MESSAGE BOARDS TO BE ACCURATE. ALWAYS DO YOUR OWN DUE DILIGENCE. DON'T BUY STOCK BASED ON THIS POST OR ANY OTHER POST. I OWN A LONG POSITION IN THIS STOCK AND THEREFORE I AM BIASED.

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