"The case for this being low-priced (other than otc) is the future likely revenue is hard to figure, the guessing of what product efforts will be big is hard to figure, etc.. "
Sam: I've told you a bunch of times I believe they will earn 20c AFTER TAX next year, but thats a discussion for another time. Most if not all companies that trade publicly (that aren't China Based) trade at 30x fully taxed earnings when they show consistent year/year 40-50% NI growth as EGMI did in 2007/2008/2009, and will do 2010. Hence the opportunity that exists today.
Sam, you seem to completely ignore the fact that the company has directly stated they will not pay taxes until 2011. Now why do you continually say 2010 should be looked at othewrwise?
I personally think it's funny that you insist on putting a fully taxed multiple on a stock that doesn't have to pay taxes on earnings that you know damn well are going to be much higher without even trying anyway.
I personally think it's silly (to be polite) to put a low multiple on a number that requires complete and total failure in all efforts in order to be so low and then throw a tax rate ontop of it to try to pretend there are taxes to pay. If you want to throw a tax rate for fun on a more realistic EPS number....knock yourself out. But the ASSumptions used in your math requires pretending to be completely ignorant of what's going on. Just because revenues are "hard to figure" doesn't mean we should completely ignore them as if there's no chance of it happening. More specifically, that's not how savvy investors make money.
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