Happy Crowd, page-38

As a long term holder of EDE I gotta say thank you HotCopper. You guys seem to have done more DD and more research htan I have into EDE and it makes me feel like I have made the right decision.

In 2017 I did a small bit of research and kept holding since. My main takeaway was this:

Doing some quick calculations, we can work out how EDE could be a steal at the current ~aud20c price. For a 1% capture of the annual USD45B highway bill is USD450m. Revenue for EDE becomes ~29.3c per share using a dilution of 1,537,400,442 (shares outstanding plus options, May '17). Assuming a 20% net margin profit of ~5.9c per share. Applying a P/E ratio of 15 gives a conceptual price of ~88c. So right off the bat we have a +300% increase in the share price.

I still believe I am holding a 2+ bagger. DYOR and thanks fam