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Technology Stocks : Orbital Engine (OE)
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To: q39 who wrote (4758)12/16/2001 6:53:36 PM
From: Dr Mike  Read Replies (1) of 4908
 
Let's do some arithmetic. I hope that your $10/scooter was in $US and not Aussie dollars. I'm going to do the rest of this ciphering in $US and US ADRs.

Float is 44 million ADRs. In order to justify $10/ADR share price, we'll need revenue of $22 million to get P/E of 20. That's a lot of scooters (>2 million per year). I am assuming that income from other operations will cover ongoing expenses. That does not occur at present but is not unrealistic. Is my arithmetic correct? If so, it explains why OE still needs a big auto contract to get anyone's attention.

If the $10/scooter was in $A, we need double that number of scooters sold. Yikes!
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