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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (55076)3/19/2015 9:48:57 AM
From: Lazarus  Read Replies (1) of 78659
 
I think just seeing the numbers is bringing in some solid bidding. The way I read it:

Pre-tax income was $2,347,000

Tax benefit was $2,573,00

I run my numbers based upon the pre-tax and approx 11 million common shares OS and get:

2,347,000 / 11,000,000 = .213 cents per share in earnings.

Assume a 90 cent bid and the PE is ~ 4.3

and a book value of ~ $1.05 per share.

It tanked huge on just over 30k shares sold... when others go in to buy those 30k shares back it will likely regain all its losses and more.

Like I've said - give it 3 to 10 years and I think one will be quite pleased. My time frames are probably longer than most traders - but that's what has worked for me. To be honest though, its worked against me in some instances --- where I've watched HUGE gains evaporate.
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