Replies to post #39832 on VirTra Inc (VTSI)

[fishhunter]

A further note on my point #6: (I think it was Bill who said the stock will never get to $5 for a few years. Me thinks it gets there before the end of November, 2016. Why? Because the company is already worth more than $80million. Why? Because of the continued growth and the fact they will likely generate net income of $4.5 to $5.5mil this FY2016.)

I didn't haphazardly throw out the $80mil number. Think about it in these terms, If you could buy the entire company for $80million would it make sense to do so? Not too many places where an $80mil investment returns a real $6 or $7mil the first year, $9mil the 2nd year, 11mil the 3rd year, etc. Look at the net present value of that sort of income stream and you have your answer on what the company is worth today.

An unrelated point on some earlier Mod Round comments. Someone poo poo'd $2mil in MR royalties. That $2mil is pure profit and equates to EPS of 13cents for VTSI! If that royalty stream existed today, it would fully (and all by itself) support the current $3 share price.

[billpr]

Never said a word about the PPS, was referring to Modern Round not having 5 locations till Schneids baby was in school. Still don't think much in he way of MR being of any significance. JMO. To add to that thought I don't think MR will EVER have 5 locations. BTW you have an answer to my question whether MR actually paid for their SIMS or are working them off through the Royalties?