Blue sky projections for AJX

Here's a post to wind up the refuseniks and 'seasoned old HC cynics'.

A little spreadsheet along the lines of company projections, gross margin 35% ramping up to 45% as the business matures and economies of scale hit. Fixed costs starting high (10%) and falling as economies of scale hit. First line can be ignored as PE not applicable until the company actually achieves net earnings! PE ratio varies as highlighted to be proportionate to maturity of business/growth prospects. Assumes no dividends. Assumes total tax of 30% (ignores accumulated losses). Assumes 10-20 million new shares issued each year starting at 320 million shares for now.



Optimistic takeover target in 2-5 years for $5 - $7 per share?

Comments welcome.