Amerinac Holding Corp. (fka PAOS)

[nsomniyak]

Bg - it is a little hard to follow your post,but it seems as though you are saying that $42MM in Revenue divided by 4 million shares outstanding gives $1 EPS and therefore guides to a price of 9.80 or so (if you assume a P/E of 10).

That is silly as it assumes that earnings = revenue and 100% of revenue falls to the bottom line.

You need to use NET INCOME, not revenue, in any PE-based valuation.

I think a case can be made for PAOS being undervalued, but certainly that case is not as simple as revenues/shares x "PE = 10" = 9.80 :)