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Microcap & Penny Stocks : Jax International (JAXI)

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To: Alan Markoff who wrote (781)8/25/1997 8:43:00 PM
From: Carl Brehm   of 2430
 
Well said Alan. Count me in. But I do disagree with the value of JAXI, I believe 2 to 2.50 is it's true value at this point and time and here is why.

Projected earnings .07 to .08 a quarter times 4 = .28 to .32 a year
.28 x 10 (and the multiplyer used by most is 14 and most of the top stocks are at 20+) = 2.80

Okay this is a BB stock but in any stock a base has to be set and mine is 10, I then discount 20% due to it being a BB and true value to me is then 2.80 to 3.20 -20% =2.24 to 2.56.

But then that is just my .72 cents worth.

Carl
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