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gamood

06/03/11 10:14 PM

#9100 RE: sojourner #9099

Suppose we take a $40,000 average price for example. I figured with a 40% profit margin ($16,000 on each unit) times 3500 units this gives us a gross profit of $56,000,000.

Now this is where it becomes very interesting.

With an OS of approximately 120,000,000 we get earnings of .467 a share

Assume a conservative p/e of 20, ESFS stock should be worth at least $9.34 with this sale only.

Is my math correct?