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[cleverrox]

GFCI ($0.37) Q1 2006 Revenue projections.

100 Jet Motors ($10.92M after taxes) on ($21M revenue)
Grifco Tools ($1.1M after taxes) on ($3.65M revenue)
Global Tools ($0.2M after taxes) on ($1.75M revenue)

Total: $12.24M net income after taxes
EPS: $0.32 ($12.24M / 38M shares outstanding)

And that is discounting any income for a Libya operation or a third batch of Jet Motors.

Fair value = $.32 * 4 * industry avg P/E of 22.3 = $28.54

Today you can buy at it $0.37. You do the math.


Jet Motor revenue calculation
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Rented out 70% of 20 week days per month = 14 days rented
14 days * $5K a day * 100 motors = $7M per month

80% net margin = $5.6M net income before taxes
= $3.64M net income after taxes

$3.64M * 3 = $10.92M quarterly net income after taxes
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