He answered that awhile back. He added up 4 or 5 years income. Totally ridiculous way to value a company. It has been reported by the CEO of APSI that the merging company has around 100 million a year in income. We don’t know the margins, but even at a 20% margin that would be $1.00 EPS and with a very conservative 10 PE, you could justify a $10.00 PPS. Time will tell. I personally am looking for about $3.00 a share.
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