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cleverrox

02/18/05 12:25 PM

#4861 RE: 2morrowsGains #4815

TOPT, Nice find 2morrowsGains! Foward P/E of 6 and they are adding 50% capacity in 1Q05, so earnings could go to $1.20 for next quarter, and they have another 5 tankers on order to push the earnings to $1.60. $1.60 * 4 = EPS $6.40.

$20 share price (12:24pm Feb 18) / $6.40 gives me a P/E ratio just a tad over 3.

I'll take it!