MIDL .... A Real Sleeper Message Board

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Microcap & Penny Stocks : MIDL .... A Real Sleeper

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To: Dusty who wrote (3866)	8/17/1998 7:59:00 PM
From: Kurt N	Read Replies (1) of 7039

$1-$2 is a possibilty based upon certain assumptions. Need to see the '97 financials in black&white first, and the deal needs to be closed first, but I think $1 (or real close to $1) is definitly achievable. Might be $2 if their profit margin is higher, or it could be $.50 if the profit margin is lower. Too many unknown variables right now, but I think the price will range from $.50 - $2.50 with $1-$2 more probable. Estimate: Assumption: 10% net profit. (may be higher/may be lower) Assumption: 50 million shares fully diluted (taking into account preferred conversion and warrants exercised, and being slightly pessimistic). Assumption: P/E ratio of 18 Profit = $26M * .10 = $2.6 million EPS = $2.6 million / 50 million = $.052 $.052 * 18 = $.936 [20% net profit = $.104 * 18 = 1.872] ------------------------------------- EPS = $2.6 million / 30 million = $.087 $.087 * 18 = $1.56 [20% net profit = $.174 * 18 = 3.132] Kurt

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