Is $4 by 3/12 realistic?
Solomon may have been signaling that there will not be a reverse split to meet price requirements for OTC listing. I believe he also mentioned a p/e of 8, which is unrealistic now.
However, by May 15, 2012, if on its targets, SIAF will have:
1) announced Form-10 approved, allowing timely reporting of significant events
2) reported 2011 annual revenues of $57.7M, a ten fold increase from 2010 continuing operations
3) reported 2011 fd eps of $.45, and a dividend of $.05, half in a note earning 8%
4) issued new 2012 guidance, presumably reiterating revenues tripling to $175M , fd eps of $1.00, yielding a dividend of $.12
5) reported Q1 of 2012, presumably reiterating 2012 guidance, almost halfway there
6) uplisting either has happened or on the way
7) there will be at least four fully operational farms, possibly more, very likely with several more under construction
8) the 2012 fish revenues from both consulting/services and sales will be very easy to extrapolate from growth over 2011 revenues
9) likewise, the cattle, fertilizer, and asparagus businesses will have shown achieved critical mass, shown remarkable growth, and therefore be fairly easy to monitor, in terms of more guided revenues
10) all the profit center businesses will be much more credible, having already produced
A 2012 p/e of 4 gets $4.00/share.
Question is with growth so much more believable; 2013 guidance of 100% growth again in revenues and income, producing eps of $2.00 and a $.24 dividend; and spinning out subs planned for 2013, what forward p/e is appropriate?
There are not unrealistic rationales for the stock to be $50 in 2015. But a whole lot of work and uncertainties between now and then, mostly now.
But this is a $60M market cap company investing $80M in capital development this year; probably another $100M+ in 2012/2013.
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