Treit: sorry for replying a little late. I just came home after attending the annual Raleigh Heart Walk with some festivities organized by AHA (American Heart Association) that took almost all the day but we had a good time.
Re. your q, my estimate for 2013 eps is simple. I assume that 2013 rev will be double my expected rev for 2012 of 140M , so $280M rev for 2013. Net margin assumed = 35% yields a Net Inc of 98M.
From there we need to look at different fd (fully diluted weighted sharecount) scenarios, depending on whether they will get a full bond with no share issuance, a partial bond with partial share issuance (hybrid bond), or no bond with full share issuance for say $10-13M for 2013. To keep it simple, I assume only 2 scenarios:
a) with fd=86.5M (meaning 8.5M new shares or half the 2012 share issuance), the eps will be $1.13
b )with fd= 78M (meaning no share issuance in 2013 due to a full bond offering and no other changes to the share count of EOY 2012 ), the eps will be $1.23 with the rev and earnings numbers projected above.
For Q1'14, I see an eps of 0.40 compared to 0.42 for Q4'13 and 0.20 for Q1'13 as per my previous post, so the ttm eps incl. Q!'14 results should be about 20c above the 2013 eps numbers quoted above, ie. $1.33 and $1.43.
That's why I was referring to 1.3 to 1.4 eps for May 2014. One can argue that the above estimations are high or low but they seem in the ballpark to me pending further guidance from Company. But I remember having read somewhere a guidance for 1.05-1.08 eps for 2013 (vs. 0.62-0.68 for 2012 ) before the updates from the recent Q2 CC and the Sep Investor Tour which included the prospect of a new bond offering, an imminent swedish listing, 2 restaurant chains...