Replies to post #17093 on Woodbrook Group Holdings Inc (WDBG)

[Themistocles_I]

Equals $0.01233 per share. It is over bought.

Correct. It is currently overbought in a big way. I'm going to hold off on this one until it gets closer to the RM, which won't be for a while. If they decide to bring that share structure down, it might be worth buying. Until then, it's nothing more than a P&D.

[fojcol]

Your mistake is that you took 1% of 7% of 22B. The company's fee is based on total AUM (assets under management), not on profit. Thus, 1% of 22B would be $220M/year, and the total is probably closer to twice that, meaning by the time they have $22B AUM, they'll have revenue in the neighborhood of $440M/year.

[asapman]

1% fee on $22 Billion is $220 million revenue.