Check this out:
Most Inets are currently trading at about 100-200x book value.
PRFM is trading at a little less than 3x its book value.
Most Inets are currently trading at about 50-200x sales.
PRFM is trading a podinky .3 of its sales of 180+million.
You talking about some serious gap for the price to go up!!
Go baby! Fatboy likes overpriced perfume stocks!
So a few calculations, THIS IS TOTALLY OFF THE WALL COMPARISON, MAYBE..YOU NEVER KNOW WITH INETS. So,
100x book value= $400/share <----high, but *float*=1.9m
75x sales= $1994/share <--high, but remeber how low that float is.
That sales figure is strictly brick/mortar stores, not including the sky high revenues that they will generate with the low-cost web solution. I really like the idea of the new warehouse being built in Miami.
Now people, don't say I value this stock at those prices, I was simply comparing them to other Inets. I used EBAY, AMZN, YHOO to do my calculations. Oh yea, I was pretty moderate on the sales calculation. The inets are crazy, you never know what to expect!
Also, I found out that Institutions own around 10% of company and insiders own around 50%. That is definitly a good sign!
Going to bed now,
Matt |
