You cannot look backwards with this stock as it is growing way to fast and will gve you an absurdly low valuation. I would use a forward looking eps between .05-.07 at 100 million shares for 08...PE of 30 seems reasonable. A multiple of ebitda wold be fine also.
You sure do spend an awful lot of time moaning and complaining about this company. If you believe this company is worth only $.28 and are constantly complaining about 4% margins, why are you here every single day? We are obviously overvalued in your opinion. Please find another company that is more deserving of your hard earned money. I have never seen anybody bash a stock relentlessly that they have a position in (which you claim). I think I'll stick to Dahlman Rose's due diligence and my own and atleast hold for their target of $2.50. On a side note thanks for the negative commentary and gloomy outlook on the stock. You have enabled me to more than double my position in the past couple of weeks.