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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations!
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To: dealmakr who wrote (1635)3/31/1998 12:39:00 AM
From: brad greene  Read Replies (1) of 5847
 
Dave,

Big development today was the recognition from the subcontractor that BANY cases have been chosen for the rest of the contract. I don't think Banyan could have said this last week.

I've got a guy who is trying to get numbers put together on the meaning of this from a profitability standpoint....but again...needs to talk to the company. I believe this is very important....as BANY may be able to move into the black just on this contract and a repeat of last years sales. 1,400 cases per month @ $50.00 per case = $ 70,000 per month sales x 30% margin = $21,000 per month gross profit. I don't know what overhead, SGA, etc. may be...Includes no Patriot...Europe...other.....

Anyhow.....I know this contract makes $ 3 million in sales much more realistic. And it is my understanding that $600,000 in sales is the break even point for BANY.

If BANY can show that it can turn even an 8% net profit on $ 3 million in sales ( 3.3 cents per share) and a 1,000% sales increase year to year.......What PE would you assign a stock like this? 50?.....60?

At a PE of 25.....the stock would be valued at 82.5 cents....more than triple the current sales price.

bg

ps. Bart...I doubt Orgas knew anything about this. I don't think BANY knew about this when Orgas picked the stock. I think he knows more now, however.
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