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Dear Rob L: I will just answer your smart alex remark and then scroll on by in the future as you dont know what in the hell you are talking about. Here is my answer: Mr. Jenkins stated in the conference call that he felt they would be able to get up to 450 engineers employed over the next 2 years and further that they would be able to MAINTAIN their employment AFTER y2k is HISTORY. Heres what that CONSERVATIVELY comes to: 450 times 2000 annual hours times $100 average billing equals $90,000,000. Figure Materials at 30% of Revenue from billings is 27,000,000 times 10% carrying charge equals 2,700,000 annually. That covers the administrative costs overall. So 90,000,000 times 50% gross margin equals 45,000,000 40% for the government leaves $27,000,000 net profit divided by 24,000,000 shares equals $1.12 a share CONSERVATIVELY of SUSTAINABLE, REPEATABLE business having no CD-ROM OR OTHER INCOME INCLUDED. Using a multiple of 15 which is likely low for a business growing so well comes to $16.80 a share in value EVEN AFTER 2000. So I look for a minimum TRIPLE in this stock over the next 3 years. If you can beat that then get the hell out of here and do it. JDN |
