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Gold/Mining/Energy : Bomax Resources - BXS.VSE

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To: Solid Play who wrote (38)	11/27/1996 10:58:00 AM
From: patrick bey	of 313

To all: I am confused about the earnings per share. Here is my story: $500,000 per month profit gives $6,000,000 per year. On about 8,000,000 shares outstanding this gives you 0.75 per share. Now some claim that the $0.75 is based on the new # of outstanding shares, so how can this be? Profits should then be in the order of 18 millions. In any case if the profit is only 6 millions on 24 million shares then EPS would be 0.25 . With a PE of about 10 this should take the stock to $2.50 WHICH IS NOT BAD!!! So what is going on?? Replies and comments welcomed.

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