Urban Juice to hit $2.28 by year-end!
Ok maybe I was a little over exaggerating when I said 100% growth per month, its more like per year, what was I thinking! It must have been that case of Jones I slugged back after I saw the stock price reach the dollar mark. My head is still trying to clear from the Fufu Berry. WOW who needs alcohol, oh and keep this one away from the kids you might be forced to buy them caseloads.
Ok, here is why I think this stock could be worth $2.28 plus by year's end.
We had $2,850,000 in sales for this 1st quarter. If we figure the same amount of sales with no increases for the next three-quarters that will make $11,400,000 for the year. If we figure the company is worth 3 to 4 times earnings (to be conservative) this would place the value of the company around $34M (3x) to $45.6M (4x). Now divide this by the number of shares of about 20 million, this would put the share price from $1.70 to $2.28 by years end.
The above is based on taking the first quarter sales and multiplying it be 4 quarters.
Now look at March's News Release for 1998-year end sales of $7,011,046, which was 115% (double) from year before.
If this company continues to double for 1999, the year-end will be projected at $14,000,000. If we calculate a 3 to 4 times multiple to figure company value, and divide by 20 Million shares, this will equal $2.10 to $2.80 per share for year end.
So ask yourself if I have been drinking way to much Jones, or that maybe we should be buying more stock before everyone else does.
Any comments!
One happy stock holder. .... Go Jones ... |
