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Microcap & Penny Stocks : SETO Semicon Tools Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Joe Bilich who wrote (2100)	3/31/1999 11:27:00 PM
From: hooters_akimbo	Read Replies (2) \| Respond to of 3222

That is correct. Also, please help me with the following arithmetic: Data from my earlier post which came from RB which was copied from the IR site. FUJI F. now produces approx max 20,000 batteries a month. SETO stated they expect to increase production 400% within 12 months. This means FUJI F. will produce 80,000/units month in the near future. Assumption: If the net profit per unit is $10.00, that means the battery division alone will contribute $9,600,000 in net profit to SETO (80000 * 12)* 10 = 9600000. Now assuming the other divisions kick in say, another 1000000 net, that gives a total net profit of 10,600,000. Now if divide 10,600,000 by the number of SETO shares (approx 11,000,000) we get an approx EPS of approx .96/share. If you go to the IR site listed in the post, the IR gives SETO a PE of 40. Therefore, the fair market value of SETO would be .96*40 = $38.40 in the very near future. Of course, the above in-depth analysis was performed under the following assumptions: 1) SETO sells 80,000 units/month at full production 2) There is a $10.00 net profit per battery sold (average) I remember from an earlier post that a gentlemen stated that a $10 margin was about average in a cell-phone battery sale. I would dare say that SETO looks like a promising investment and is worth buying a few shares. But then again, maybe I'm "missing the boat" on something.