Accumulated losses will offset tax for a good while. A bigger mistake was being out on revenue by a factor of 4, I think you have underestimated margins too. With that our ‘fair value’ for steady state at a measly PE of 8 is well over 35 cents per share.
i do hope this isn’t another damning with faint praise type post wrapped up in faux naivety... I suggest you repopulate your spreadsheet with more accurate numbers.
AJM Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
