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Biotech / Medical : Misonix Inc. (MSON)
MSON 26.540.0%Nov 22 4:00 PM EST

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To: puzzlecraft who wrote (530)11/2/1997 10:28:00 AM
From: Peter H. Mack  Read Replies (1) of 947
 
John....
>>If you look at the pre-tax income for the last four quarters, I see 975K, 1482K,
2316K and 1259K. The 12 month sum is 6032K. Subtracting, say 30% for taxes
gives 4222K. Dividing by 6737K shares gives 63 cents, so I'd say the trailing PE,
adjusted for current taxes and share dilution, and a current stock price of 8 19/32 is
13.6.
........................
A little more thought, and I see the error of my ways.. Your method in this case is certainly more believable. This in my view places us much closer to fair value at this level. Thank you again..

regards
pm
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