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To: zoo york who wrote (31082)1/27/2007 6:54:29 PM
From: Mr. Aloha  Read Replies (1) | Respond to of 78409
 
I think a multiple of 10 times forward earnings is a bare minimum

Thanks, Coach. So you're projecting IPT to have earnings of at least .20 a share this year? I believe that's far more than even their revenues have been, so that would require enormous growth.

Assuming they have the reserves, do they have the infrastructure to expand production that much and still have room for enough growth to justify a 10+ PE without years of reserves proven?