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Gold/Mining/Energy : PYNG Technologies

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To: GBM who wrote (2227)5/18/1998 10:00:00 AM
From: the Chief  Read Replies (1) of 8117
 
GBM. You said: This company needs to do in excess of 50 million in revenue to justify it's current market cap.

Another amazing "statistical fact" from the uninformed.

If this company had 50mm(I'll even use this number as gross) in revenue then approx 50% would be net profit. (20% associated with production costs and an additional 30% associated with farm out manufacturing and ancilliary costs) This would result in a net profit of $25 million which would equal $3.75 EPS

$3.75 EPS with a index multiple (conservative) of 20 would make this stock worth over $60.00

Good math, and good argument!!!

the Chief
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