"I wonder just how many paying clients use IT ..."
Another one of those strange questions that can only be answered by asking those who know the answer, that is of course, if what you really want is an answer.
I understand that I-T is currently averaging 1,500 trades per day (I really wanted an answer to that question).
With 52 stations available in the two offices, that works out to 4.4 trades per hour per station. Assuming that on average only half the stations are occupied, that's still 8.8 trades per hour for 26 stations. For day trading, that seems to me to be within reasonable bounds.
The Seattle office should be coming online soon. Let's assume that I-T can get to the level of 2,000 trades per day sometime in the near future. (The breakdown that follows is from the same shareholder who just installed I-T on his laptop. He has given permission to use this information and his initials: AAD. I believe he will be with us in Boca on June 24th):
"If IT is doing say 2,000+ trades/day total:
2000 trades/day * 20 days/mo * 12 mo/yr * $25 gross = $12,000,000 gross/yr
or
2000 trades/day * 20 days/mo * 12 mo/yr * $11 profit = $5,280,000 profit/yr
Using conservative 1/3 of Ameritrades multipliers (21.59 Price/sales; 233 P/E) Gives PABN a valuation of
(21.59/3)*$12,000,000 = $86,360,000
or
(233/3)*$4,000,000 = 310,666,000
Say, if we average the two gives PABN a market value of $198,513,000 or
$0.23/share using 850,000,000 shares from IT alone. The IT numbers will increase once we go online and additional offices are opened." [emphasis added]
I'm not qualified to evaluate the appropriateness of the above estimates, multipliers, etc. If the above is reasonable, it looks pretty good to me.
PCM
GO PABN!!! |
