I find this an interesting statement! ...do I detect a little hesitancy on your part to give us your prediction on BII stock price? Does this mean that you are short and are simply trying to influence the string(thread)?
Do you think this statment was designed to influence the string(thread)?
Message 7082299
So far we have estimates of $35 & 50US. Lets assume for a moment that the 36,000,000 shares that are outstanding, are in fact the full dillution which it may not be.
Proposed market caps for BII under these bullish predictions:
$35US*36mm=1,260,000,000US =$1,890,000,000 Canuck
$50US*36mm=1,800,000,000US =$2,700,000,000 Canuck
With gross earnings of $20,000,000 the multiple is
$35US prediction multiple on gross sales 78
$50US prediction multiple on gross sales 112
With profit margins of about 5% the net is $1,000,000 Canuck
$35US prediction becomes a multiple of 1890
$50US prediction becomes a multiple of 2700
Microsoft is a multiple of "20"
EBAY is under heavy criticism at 1600
Don't get me wrong I enjoy "pie in the sky" stuff. But what would make people believe 35-50US??
My prediction by end 1st quarter 1999 will be $6.00 Canuck because they won't have a NASDAQ listing before then! A bull but a "realist"!!
comments?
the Chief
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