SLS Industries (SLSI) Info (Hold the explosions, please) Message Board

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Microcap & Penny Stocks : SLS Industries (SLSI) Info (Hold the explosions, please)

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To: bigmover who wrote (14)	8/20/1998 10:07:00 PM
From: crj_	of 37

The Sager research estimates 6 Million HID Ballasts sold in 1997, and growing at ~9% per year. If SLSI gets 10% of that, it's 600,000 ballasts. 600,000 ballasts times $150/ballast = 90,000,000 in sales. Say they have a 15% return on sales after expenses, giving $13.5 million profit. Say that they have 20 million shares outstanding at the point when they sell 600,000 ballasts. EPS = 13.5 / 20 = 0.675. say PE = 20, a conservative value for a growing tech stock. PE * EPS = price => 20 * .675 = $13.5 / share. If they get 10% of the market, their stock should be at more than $10.00 / share.

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