mike h, A double on this tomorrow wouldn't surprise me either. I'll tell you what, I am so excited about this development that I can hardly stand it!
Remember, EPS multiple... that's the key here.
As a BB stock, FAMH has 10.85› EPS with about a 5 multiple.
Roll in at 4 to 1 to a NASDAQ stock, and FAMH gets more credibility and that MEANS MULTIPLE!!
So if "post-merger" EPS is 36›, FAMH multiple quickly rises into the average range of 25 - 35 times earnings.
So, it looks like this...
.36 x 25 = $9.00
or
.36 x 35 = $12.60
Here's how I compare the increase...
FAMH today:
100,000 shares at 50› = $50,000
FAMH on NASDAQ:
25,000 shares at $9.00 = $225,000 (using low avg multiple)
or
25.000 shares at $12.60 = $315,000 (using high avg multiple)
I REEEEALLY like those numbers!
"Multiple is the Key"
Just my opinions, as always.
:-)
Best wishes,
Brad |
