Posted On: 07/17/2013 1:17:26 AM
Post# of 36729
Alright, please note all figures are approximate.
$40mill profits x 30 p/e is 1.2 BILLION market cap.
1.2 BILLION divided by 750 million o/s shares is 1.6 dollars a share. Boom.
Now, keep in mind 30 p/e is not very high, linkedin for example has a retarded p/e of like 900 or so which would change this pps valuation to the ridiculous figure of $48.00. Also keep in mind we're about to do a 3:1 split so divide value by 3 but multiply your shares by 3 for post split value.
Then there is the annoying but real fact that iequity gets to add enough shares to hold 60% controlling value in about a year, which will devalue the shares by 60%.
All things considered, audited fins are worth pretty much a 100 bagger at least from current pps.
$40mill profits x 30 p/e is 1.2 BILLION market cap.
1.2 BILLION divided by 750 million o/s shares is 1.6 dollars a share. Boom.
Now, keep in mind 30 p/e is not very high, linkedin for example has a retarded p/e of like 900 or so which would change this pps valuation to the ridiculous figure of $48.00. Also keep in mind we're about to do a 3:1 split so divide value by 3 but multiply your shares by 3 for post split value.
Then there is the annoying but real fact that iequity gets to add enough shares to hold 60% controlling value in about a year, which will devalue the shares by 60%.
All things considered, audited fins are worth pretty much a 100 bagger at least from current pps.
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