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Strategies & Market Trends : Value Investing
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To: Elroy who wrote (66420)2/8/2021 4:10:14 PM
From: JohnyP  Read Replies (2) of 78704
 
I followed you into SIMO earlier today. I tend to believe them on the 2023 guidance of $1B revenues.
My calculation for their earnings then is as follows:
49% gross margin -> 490 million Gross profit
Fixed operating expenses -> -160 million in 2020
Profit before taxes -> 330 million

Assuming 15% tax, that leaves us with 280 million in earnings, or $8.00 per share. Still cheap, but curious how do you end up with the $9 EPS figure?

Also bought MO recently, due to the 8% dividend and PE below 10. Sold my BRK b to get it.

@Paul, if value investors start throwing in the towel we may be around the top!
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