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Non-Tech : InvestRight Club Challenge
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To: Dave Gore who wrote (1052)3/22/1999 12:09:00 PM
From: Bill Fortune III  Read Replies (1) of 2662
 
Hi Dave and like I have mention on the RDIM thread, just think if this estimate is correct:

“The potential club acquisitions have yet to be audited. However, management's preliminary review reveals that total revenues may exceed $11.5 million and gross profits should approximate $2.5 million. If verified, the then combined financial performance of consolidated Household Direct operations would represent revenues of $15 million and gross profits of $3 million or 20%. Consolidated assets, primarily in the form of accounts receivable, are expected to exceed $5 million.”
biz.yahoo.com

With a float of say 1.5 million that translates into an E/P/S of $2.00. If RDIM based on this sold for say 5 times earnings that would be $10.00
Or
With a float of say 1.5 million that translates into an E/P/S of $2.00. If RDIM based on this sold for say 10 times earnings that would be $20.00
Or
Say the float went to 2 million that translates into an E/P/S of still $1.50. If RDIM based on this sold for say 5 times earnings that would be $7.50
Or
Say the float went to 2 million that translates into an E/P/S of still $1.50. If RDIM based on this sold for say 10 times earnings that would be $15.00

And is selling for only $0.69 right now.

Regards,

Bill Fortune III
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