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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46
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To: Bo Le who wrote (5022)2/14/2000 7:52:00 PM
From: Leroyt  Read Replies (1) of 5541
 
Bo,

You're behind the time. Current (as of Oct. 31) O/S is just under 1 billion shares.

Now that may sound daunting but ... let's assume the company can clear $10 million in a year. That's an EPS of 0.01. With a PE of 20 to 30 for a growing company, that's a price of 20 to 30 cents.

To justify current prices we need to make less that $2 million per year.

Can't say TC will do it, but the relative price of things is really VERY reasonable.

JMHO and later, leroyt

P.S. I bought a lot last summer on company hype. My average price is a little over 3 cents.
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