<<Numbers I've run put the shareprice at triple the current level in less than 12 mos., based on P/Es in the 30s, without including Hanil or licensing revenue.>>
Rich, Wow, a triple digit share price, a P/E of 30, within 12 months??? Seems a tad optimistic to me. Let's go through the math.
Including the latest 950,000 shares from the settlement, the fully-diluted number of shares is @ 44 million. At a stock price of $100, the fully diluted market cap. would be over $4.4 billion. Therefore, in order to have a p/e ratio of 30, profits would have to be $146.66 million. ($4.4 billion/30=$146.66 million).
Now, compare your projection of at least $146 million in profits within 12 months to CIBC Oppenheimer's projection of $25 million in revenue for FY 2001 which begins in April. Your projected profit is 6X CIBC Oppenheimer's projected revenue. And you assume they will reach $146 million in profit sooner than CIBC assumes they will reach $25 million in revenue.
With that kind of profit potential so soon, its a wonder the stock price isn't already in triple digits. |
