is a pe of 5 cheap or correct? tox will most likely forecast a profit of between 3-4 million for next year. this puts them on a estimated pe of about 4-6 based on 400 million shares(forget options for now). what pe should this company trade on?
is 8-10 a reasonable assumption. maybe a pe of 5 is correct for this company. this is the only explanation i have for the shares to be trading under 5 cents.
cheers
is a pe of 5 cheap or correct? tox will most likely forecast a...
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