How on earth do you arrive at a 5c dividend? Based on the current shares outstanding that would require a total payout of around $10mio.
For a start WEB has substantial c/f losses they may wish to address first in order to shore up the b/s.
Cannot find any analyst reports upon which to base some pofit forecasts, so do my own (very) rough calcs.
Sept 2004 qtr they had sales of $4 mio per month and a profit before D & A. of $90k.
IF they can increase sales to average $8 mio pm (Dec., one of their busiest periods was $6.4) that would give a profit of say $250k (allowing for pretty much static costs) - or about $1 mio per year.
Thats about .005 cps and gives them a p/e of around 30 at the present prices.
Would luv to see the basis of your forecasts.
WEB Price at posting:
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