Replies to post #46855 on Legends Business Group Inc (LGBS)

[JsTrades]

16 mill in assets?? Wow

[jufel]

166 lots built into houses, each houses is sold around $0.45 M with a cost of $0.3 M including the cost of land gives LGBS a total gross profit of around $25 M for the 166 lots.

Valuation of the company:
1. PE ( price to earning per shr ) = 10
2. OS = 3070 M shrs
3. E = $25 M / 3070 M shrs = $.0081/shr

---> PPS = 10 x $.0081/shr = $0.081/ shr
* Assuming a Co can build the 166 houses in one year..

[jufel]

Mick check this out:

LGBS new Ceo is Troy Davis
I wonder if the company below is his, if this is true then
we have a RM IMO Buckle up

".... Over the next several years, Troy proceeded to build over 200 homes a year in the Denver, Colorado area. As the business continued to grow, Troy expanded into the Washington, Idaho, Alaska and Texas home building markets...."

http://www.troydavishomes.net/home.html