Replies to post #1277 on PharmChem Laboratories Inc (fka PCHM)

[rosesarefree]

I looked at Secure Alert, ticker SCRA when you first posted on it. I would not look at it closer because they had done a reverse split in 2013. I just confirmed all of that. They do have an "outlier" statistic in price/revenue.

PMD (hair) and SCRA (ankle bracelet) are much more of a "pure play"
than BRLI (lab), DGX (lab) and LH (lab). My tiny weighting with GEO (corrections) and CITY (corrections) was I wanted to include prison trends.

With that all said, if the "pure plays" are closer to PCHM as a comparison, PCHM's multiples go way up.

6.4 times book average gives a fair value of $1.44
10 times sales is $3.00 due to an outlier multiple of sales on SCRA at a 16 multiple.

Taking every thing in to consideration, PCHM in my opinion, right now, has a publicly traded value of $1 a share

That does not take in to account growth or a buyout.

[rosesarefree]

The story gets better every day.

It's a $$$$$ five spot in a buyout from SCRA which trades at 16 times sales, but again, that's an outlier statistic.

I am beginning to see for the first time why a company, public or private, might pay 10, 20 and more times revenues for PCHM.

Thank you for all your clarifications

Pay me 3x book value WHICH IS LOW and I'm at a buck.

GO PCHM

[deet49]

PCHM $32 If we're valued like SCRA WOW! they don't make much more than we do..? http://www.otcmarkets.com/stock/SCRA/profile

Go PCHM