So, you like facts. Try these.
The current FMKT MKT CAP is $2,500,000,000.
If we give FMKT a future P/E of 20 (which would be outstanding for a consulting company) they would have to have ANNUAL earnings of $2,500,000,000 / 20 = $125,000,000. Hows my math?
Annual Earnings of $125,000,000 for a consulting company that has at least two years of big losses forecast and no break even yet in sight? And a company that needs to generate new business every month just to keep going.
WOW! Labor intensive - no leverage, large forecast losses, continuing need to generate new business, and a need to stabilize annual earnings at $125,000,000 -- with continuing outstanding growth potential beyond that to justify the 20 P/E.
How are those facts? Now lets hear your facts. |
