Option Millionaires

[rru2s]

$LPH: Correction to last item (no. 4):

From the 10K filed 9/13/12, LPHs' current fully diluted sharecount is 101.8M, with includes about 915,000 preferreds. There remain 11.5M warrants outstanding with a strike price of $2.255 left over from the October 29, 2009 financing of their previous (2nd facility) acquisition. These warrants will expire worthless in one month as of October 29, 2012 if the stock does not reach the strike price by then.

What matters is the EPS projections for LPH after the acquisition, and as of 6/30/12 TTM EPS was 0.65 (basic) and 0.61 (fully diluted), and this number is headed to a TTM EPS of 0.80 by FYE June 30, 2013, with a much larger increase for FY 2014. The capacity of the acquisition (their third facility) is 100,000 metric tons, which is an 80% increase over their current capacity of 120,000 metric tons.