Baltia Air Lines Inc. (fka BLTA)

[GreekInvestor]

I actually like this question... I'm no Wall Street insider but I'd like to take a stab at this one from a hypothetical sense of course.

Let's assume Baltia projects earnings of $100MM anually based on 3 RTs per week. A PE ratio of 1.0 would peg at .05 cents per share if my math is correct. I haven't had much time to look at the current industry average but the global airline industry average forward PE was about 9.8 in 2005. I'd obviously like to know the average in 2011 in a down economy and will research when I have access to a computer; however, based on the 2005 average, that would peg Baltia's share price at .49 cents... Of course that is once the company is operational at 3RTs per week (hypothetically speaking).

I personally like those figures. If my hypothetical calculation seems off or incorrect feel free to correct me. Like I said, I'm not a Wall Street guru.