<When is the last time you tried to hire anyone with decent technical skills recently? You can't, unless you steal them, and that gets very expensive fast.>
I'm quite confident I could hire 110 engineers that could amass the fortune of a little over $1,000,000 in tangible net worth over 9 years, for less than 81,000,000.
From "96" to "97" their net worth increased from 944,282 irish punts to 1,449,838 irish punts. That puts their "97" profits at around $358,994(dollars). Let's say "98" was a "wooper" and they grew profits buy 50%. They would have made $538,417. Now let's say they were public and the market cap was oh let's say $81,000,000. The P/E would be somewhere around 150. Where I come from that's an expensive stock, trading at a considerably higher P/E than CSCO and nearly twice Lu's. Think that's why they neglected to state any financial information on this company?
Good luck with your investment, but maybe you should chart Fore back 2 1/2 years.
Kent |
