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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Uncle Frank who wrote (3691)7/12/1999 11:36:00 PM
From: Brian K Crawford  Read Replies (2) of 54805
 
I see 71.43 million shares out. Average estimate for year end 9/00 is $2.74 so total earnings are estimated at $195,718,200 before secondary.

Secondary raises $600,000,000. Investment yield gross = 6.00%. After tax, say 3.6% After tax increase in investment income from secondary proceeds = $21,600,000. New total shares out = 75,430,000.

New estimated net income = $21,600,000 + $195,718,200 = $217,318,000

Per share, post secondary = 217,318,000/75,430,000 = $2.88

No problem?

Brian
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