Replies to post #72656 on Wave Systems Corp. (fka WAVXQ)

[Wildman262]

Weby, I disagree..the stock has been in the $1 range on and off for the last few years. If it was efficient, Wave should have already had 30M in revs, based on the stock being $1 6 months ago.

[dhamster]

Weby

Thanks for your reply. Assuming your turnover of $42m, a float of 100m shares then approx EPS = $0.42. Apply a PE of 20 = projected share price of $8+ if we hit $42m...No?

If the market thought we were a dead ringer for $42m end '05 then I would expect to see a share price NOW around $8...

Please show me the error of my reasoning (seriously, 'cause I'm missing something here!!)

MTIA

Hamster