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Monday, June 04, 2012 6:23:28 PM
IMO it will run only once WAFR makes the Former CWS fins public info. This will provide true value of the stock. Assets, earnings, debt, etc will yield a book value for that portion of WAFR. This should substantiate the $10m LOC they secured. Once this happens then the masses will flock to get some while still grossly undervalued. Hence your run. The run should level out where the market feels the future earnings multiplier puts it. That could be anywhere from 10x to 20x current book value.
This is why the longs here are here. Once the value is established in public the pps will never see these levels again IMO. That is the value of this play at the current levels.
WAFR = CWS fins+ Neel / the current O/S + the General Stafford factor of the value of new $ contracts.
If you go by the $10m loc as an indicator. The book value is around $.39/share.
Multiple of:
10x = $3.90 let's just leave it at that.
All IMO
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