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finney

10/27/11 12:35 PM

#14266 RE: EquityTrader #14263

Just by looking at the industry we should conservatively be priced nearly 5 times higher.



yes...and that's before the upcoming, non-dilutive acquisition.

WNRC

CharlesNet

10/27/11 1:12 PM

#14269 RE: EquityTrader #14263

Just by looking at the industry we should conservatively be priced nearly 5 times higher.

I don't know how to get there.

The company is on a $3MM Revenue run rate. At $0.15 per share (current price) the company valuation/Market Cap (30.7MM shares X $0.15) is $4.6MM.

So, $4.6MM / $3MM Revenue = 1.53 Price To Sales Ratio

If you look at some Comps (CVS, CHTR, CMCSA, T, etc) the Price To Sales Ratio runs from a high of 1.36 to a low of 0.77

Right now it seems that WENR Corp is fairly priced EXCEPT for the "growth factor". However, even with the growth factor I could personally not put a 5 TIMES current valuation multiple on shares of WNRC.