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Microcap & Penny Stocks : Columbia Capital Corporation-Computerized Banking (CLCK)
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To: greg Benfield who wrote (309)6/25/1998 8:06:00 AM
From: greg Benfield  Read Replies (1) of 1020
 
Why is this an incredible bargain?

It is not inconceivable and IMO that CLCK will have a net of .10 a share this quarter. If you combine that with last quarter of .03 you have .13 for a six month period. If we are conservative and say that we will just double that to find earnings we get .26 a share that puts at a PE of under 10....cheap.
If we assume that we get .10 a share for this quarter and the next two...we will get a total of .33 for the year that gives a PE of 7.5
If we assume a 7 cent rise from quarter to quarter we will have an earnings of .54 (not inconceivable) and a current PE of slightly under 5...a bargain
And finally if we take an average of tripling earnings from quarter to quarter which would be the optimum we would have earnings of 1.2 and that gives a PE of about 2...bargain basement.

Which one of these will happen? I don't know but it should be somewhere in the middle. So if We assign a PE of 20 (conservative) to these numbers a fair price at year end could range from $5.20 to $24.00. And if We are assigned a more aggressive PE of 40 we should see anywhere from $10.4 to $48.00. I know this is a wide range but the important thing to note is that the lowest number is still twice where we are now. The highest is 20 times. NO DOWNSIDE RISK, high upside potential.
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