Check with me on this company. It trades at 2x next years earnings
and 12x this years earnings. Recent announcement indicates a 500%
increase in revenues during the next 12 months. Earnings this
year $0.10 per share $0.60 next year.
The Company recently announced JV agreement for alternative tax
credits that will project $18,000,000 in additional revenues in
1997. Two plants will operate as of November 1, 1996 and will
add $1,000,000 in revenues to the $3.0 million + revenue company.
The Company has stayed on track with its projections and a short
of approx. 25% of the 3.0million share float is documented.
Target $3.00 per share by year end
Target $6.00 to $10.00 within 12 months (10x to 16x earnings still
a bargain!) stock trades at $1.25 per share now. |
