Wednesday, December 05, 2012 11:40:07 AM
A stable companies P/E is between 12 and 16 which is a great measure of investor satisfaction and expectations.
Below 12 suggests low expectations/satisfaction and above 16 (and much higher) shows higher expectations for growth.
At .101 we're looking at 16:1 P/E
At .0762 we're looking at 12:1 P/E
With the yield we dropped below 12.
Now that we're current we should see some enthusiasm return, but the risk of *Fed involvement still dampens the fervor significantly. I think .10 is a good stable price that can only go down with MM manipulation but no lower than .076... We could see .12 with enthusiasm, but we dont have any good news to drive that. So hold on, we're going to be here for awhile.
* MJNA won't be crushed/shutdown by the Feds, just Dixie with their THC products. However Dixie is their major source of revenues and fed involvement could cause the PPS to collapse back down towards .02
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