Hi X-ray,
(Financial Calculations)
I care about your question...So, I'm going to do my best from my research:
The annual global market for strippers can be estimated between 10-25 Billion dollars year. The company's current manufacturing infasturcture can do about 100 million which equates to 1% of a 10 billion dollar market....
Sales.......100,000,000
GOGS........ 60,000,000
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Gross........40,000,000 which=40% of sales
G&A..........20,000,000 which=20% of sales
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Income......20,000,000 which =20%of sales
Taxes ..... 9,600,000 at 48% tax rate
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Net Income..10,400,000
These estimates are best case scenarios based off of NIR'S production capacity. These are my calculations.
NetIncome/Average Shares Out= EPS
10,400,000/20,000,000 shrs.= .52 per share
PE=Market price per share/EPS
2.50/.52=1.92 or about 2PE
With an industrial average PE=15 , you can see from my calculation that the company stock trades way below the average PE ratio....Usually a buy signal.
I hope my calculations help you to determine if NIR will fit your investment criteria...
RICH :)
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