$SNDN got my tickets, this baby is gonna go, eye

$SNDN got my tickets, this baby is gonna go, eyes wil be on this SOON less than 15 million float MERGERRRR.


Company made $0.05 profit per share prior to chapter 11 when they had all the debts (read last paragraph from the link below) Now that debts are all cleared, their profit level should be way higher than that since all the money they were paying towards debt is no longer there. So, at 0.05 profit per share and based on a conservative PE ratio of 5, their pps valuation should have been around $0.25 per share prior to chapter 11 and yes indeed the pps was around 0.40 at that time. Now with potential higher profits with all the debts are gone, the profit share should be much higher than 0.05 say around 0.10 to be conservative w/o debts then based on a conservative PE ratio of 5 the pps should be atleast at 0.50+. Any higher PE ratio would make pps anywhere in dollarland

I think it is just matter of time before pps gets back to the true fair value and it will soon since the stock just woke up. A/S staying at 100M also is a big plus. All imo

www.bizjournals.com/tampabay/stories/2009/08/03/daily56.html
From link above:

"In the nine months leading up to the 2008 third quarter, SendTec chalked up a profit of $3.5 million, or 5 cents per share, compared to a $13.5 million, or 25 cents per share, loss the year prior despite revenue dropping from $24.5 million to $16.3 million"