Now that the Maryland game is under control, I will return to SETO fundamentals. It wasn't long ago that I posted:
Message 8077448
where I said SETO COULD test $1 this year and maybe $2 next year.
But consider this, just for the hell of it:
Forward looking--
A company growing at 20% per year, which SETO is currently exceeding, is usually afforded a P/E of 20+...especially in the tech sector. A 20 P/E with 20 % growth has a PEG (Price/Earnings divided by Growth Rate) of 1. Many, many companies have PEGs much larger than 1.
At full capacity(certainly achievable by the 2000-2001 fiscal year, the Fuji facility can produce 100,000 batteries a month at a $1.80 profit per battery minimum...That is about $2.2 mm per year or over 20 cents per share earnings over 10.7mm shares...from Fuji alone. Call me crazy but I think they just might make a little more than a $1.80 per battery sold retail over the Net. But let's ignore that.
So, if $2.2mm per year is achievable from Fuji FORWARD looking(next FY), what will the rest of the company do? Don't know that figure yet, but I don't see $1MM additional as some pie-in-the-sky figure, do you? That would be another dime a share EPS.
mid-year 2000, in the middle of that forward looking fiscal year, with $3.2 mm earnings over 10.7mm shares, that would be 30 cents EPS.
No other acquisitions are assumed here, OK?
I'll let you all pick the P/E to use since I don't want to appear to be hyping.<g>
TG
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