News Focus
News Focus
icon url

Multi-Bagger

09/10/12 1:45 PM

#704 RE: Penny Machine #703

HIRU Valuation:
Here is the HIRU valuation no one noticed yet. This is from the actual quarterly report that was filed last year. No Speculations

Last Quarterly report filed last year Jan, 2011: http://www.otcmarkets.com/financialReportViewer?symbol=HIRU&id=42458

As per the Report,

Assets: $ 8,965,263
Liabilities: $ 3,367,810

Total Sales: $ 5,372,250
Gross Profit: $ 2,304,963

Net Profit: $ 830,104

Quarterly Net Profit: $830K that converts to annual profit of $3.3 million.

At P/E = 10, Market cap is $33 million

O/S = 1 Billion

PPS = $33 million / 1 Billion shares = $0.033

At P/E = 10, the PPS should be 3.3 cents.