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oclv99

09/22/09 2:11 PM

#182331 RE: Flyerguy #182330

While neither astute or knowledgeable, I will take a WAG:
If the adoption you suggest actually happens, we should have forward looking sales estimates (2011) of $100M. With projected expenses of $32M (8/qtr), a forward looking revenue of $68M, or approximately $1.00/share. Apply whatever multiple you liek and there you have it......imho
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xxxxcslewis

09/22/09 3:06 PM

#182332 RE: Flyerguy #182330

My "best of all worlds" 2010 EPS is around $.80/share, using your PE ratio of 30 would result in a share price around $25.

I am neither astute or knowledgeable but have been described at times as both a conservative and as a radical for whatever that is worth.
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tkc

09/22/09 4:12 PM

#182334 RE: Flyerguy #182330

Flyer, looking at it from consistant growth of 25% Q/Q starting w/ $6M in Q3, Q3 '10 would have "new business" of $14.65M. W/ 94% gross margins and Op Ex of $5.5M, Wave would show a Profit of $8.25M. W/ 70M shrs that would be $.1175 EPS for the Q. Annualize that and add a P/E of 25 - 30 and the share price is $12- $14. Not "best of all worlds," but pretty darn good. That would be in early Nov. '10.