He does consider that scenario with 500 million outstanding in his analysis.
Based on 2006 Financials ($.0520 earnings-per-share/500,000,000 outstanding shares)
PE Ratio
Share Price
Sulja Bros. Building Supplies, Ltd. (SLJB)
10
$0.52
20
$1.04
30
$2.08
Based on 2007 Pro Forma ($.1879 earnings-per-share/500,000,000 outstanding shares)
PE Ratio
Share Price
Sulja Bros. Building Supplies, Ltd. (SLJB)
10
$1.88
20
$3.76
Could this be what the SLJB management is seeing? ->
30
$5.64