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Non-Tech : Indigo Air (ADR) - NASDAQ: IAABY---Undiscovered bargain
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To: TheSlowLane who wrote (3)6/12/1998 12:45:00 AM
From: Jim Mac  Read Replies (1) of 11
 
Thanks. IAABY's looking pretty tasty near $11. If they do indeed double their revs, and consequently their net income, while issuing only another 3M shares (I hope), they can earn $1.50+ next year, vs this year's $1.00 (assuming about 11M shares outstanding in 1998 due to additional 3M IPO shares added to 9M? outstanding as of last earnings period, and 14M? outstanding in 1999 after another 3M issue).
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