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Strategies & Market Trends : Optionable OPBL
OPBL 0.00010000.0%Mar 12 5:00 PM EST

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To: playavermont who wrote (1)2/12/2007 9:24:24 AM
From: playavermont   of 20
 
"Thus they grew revenue 150% to $14.5 Million and earnings 550% to $.13 from 2005 to 2006.

Lets assume they grow revenue 100% in 2007 with earnings growing 200%.

That would be $29 Million in revenue and $.39 in earnings for 2007.

Apply a REASONABLE forward P/E of 40 on $.39 and you come up with $15.50 per share sometime in the first half of 2007.

$6.50 TODAY."

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That was posted 3 weeks ago.

We now know they reported $16.1 Million in revenue for 2006 with $.12 in earnings. Keep in mind this would have been $.15 if they didn't have to pay such a first time huge tax bite.

It now looks like 2007 should be in the $38 Million revenue range with pre-tax earnings of $.44 with taxed earnings of around $.30.

By all accounts a stronger outlook.

Should see $15 within 90 days.

$20 by year end.
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