Replies to post #11968 on Effective Control Transport Inc. (fka EFFC)

[PwAg]

That is correct.

With 200mil proj, I'll lean on the very conservative side with a startup and say $40mil net (after margins/tax etc), P/E of 10 and 51mil O/S puts us at $7.80.
If Argo acquistion bumps it up to 75mil O/S, $5.33. This is just 2007/early 2008.

Add accumulating service revenues and further contracts for 2008, north of $20 is by no means a pipe dream. Come late 2008, early 2009, I think we will have a some young folks retiring.

[jerseyboy]

Assuming that the $21 million were to be the entire revenue recognized in a given 12-month period, that is correct.