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Golfdaddy

11/26/03 7:43 PM

#4839 RE: TroutWorld #4838

Based on a price / earnings multiple of 15 For VTSI to hit a dollar it would have to have earnings of

$ 1.00 / 15 = 0.06666 per share

outstanding shares 47,000,000 times 0.06666 = earnings (not sales) of $ 3,133.333.02.

using the same math

$ 5 share price = earings of $ 15,666,665.10

$ 10 share price = earnings of $ 31,333,333.02