>>>Well, here's my two bits worth on a starting point for 1998 earning.
here's mine again - with detail breakdown
HIGH LOW
Bingo Centers (22*) $3,300,000 $2,200,000
VGM's (700) 4,900,000 3,500,000
OTHER (5% of revs) 432,000 300,000
INTEREST EARNED 1,705,000** 1,170,000***
Overhead (2,000,000) (3,000,000)
Net Before Taxes $8,337,000 $4,170,000
Taxes At 35% (2,918,000) (1,460,000)
Net After Taxes $5,419,000 $2,711,000
EPS (10mil shs) .54 .27
BNGO @ 20 x EPS $10.80 $5.40
* 18 bingo centers now, but 4 under construction and expected to be open for all of 1998.
** assume $1.5M current + 16.5M from warrants + earnings from operations -- all at 8%
*** assume $1.5M current + 16.5M from warrants + earnings from operations -- all at 6% |
