Replies to post #273362 on Sulja Bros. Building Supplies, Ltd (SLJB)

[12ring]

OK, well let's put some real numbers in there instead of just "winging it", whattaya say, just for giggles:

Last year SLJB PR'd a net earnings of roughly 16M... Let's say for arguements sake that was incorrect--- so to be more than fair to the naysayers, let's even cut that in half and call it 8M. They acquired Sams and that added to the bottom line, and supposedly gained a cement deal or two as well...but they had lawyers fees too, so.....what the heck, we'll call it the same net earnings as last year's speculation minus the half for naysayers sakes, call it 8M net.

So...

8m divided by 594M current O/S =0.013468

Now we have to chose a multiple....average standard multiple for building supplies is around 20, and "growing" multiples can be anywhere from 30-40. To be fair, let's take the mid range and call it 30:

0.013468 X 30 = 0.40

At 8M net earnings, based on our current O/S count, we can conservatively estimate PPS at around 40 cents.

So, why are we sitting at .015? What happens if it is actually the 16M figure as originally PR'd, give or take growth percentages?

Bottom line---this stock is worth a whole lot more than what people are letting on about. Once the AF's come out and OSC resolution takes place, and we see the calgary store open and new projections for 2008 come, it's gonna be a whole new ball game around here. JMHO GLTA