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Re: weaseldawg post# 12866

Wednesday, 03/21/2012 2:58:24 AM

Wednesday, March 21, 2012 2:58:24 AM

Post# of 105600
Regarding the suggestion of price target based on .5 to .7 of total annual revenue...

Let's say total annual revenue was $100MM. At .5 to .7, Baltia's price target would be .025 to .035... That's where the price is today without any revenue or certification. I think we can all agree that a price target based on these figures is a bit misguided.

Having said that, I also have a feeling the 2011 average forward PE ratio for the airline industry is also lower than the 9.8 that it was in 2005... Just haven't looked for it yet. I also think Baltia will have to be up to 4 or 5 RTs per week for that target... Not 3. Unless of course a new route is added.

It's all fun speculation at this point. You never know with legitimate small caps... They can shoot through the roof when major progress happens so I could be way off here.

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