Undervalued?
Back of the envelope:
.........................................................Revenue...........Profit
Core business with 25% growth......10,625,000......2,656,250
Finance Division (last PR x 4)..................................1,496,000
Myriad with 10% growth.................66,000,000......2,640,000
Morton Downey (conservative $50K on 80 shows)..4,000,000
Total for 1998.........................................................10,792,250
EPS with current shares (41,000,000).......................0.26
Share price with NASDAQ P/E of 30..........................7.90
Right now it trades at 2X 1998 earnings.
Once we hit NASDAQ, we may expect 30X.
I think I was conservative with # of Morton shows and core FAMH growth.
Looks undervalued to me.
Does this sound close?
Munch
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