breakout......, page-14

A friend asked me to do some numbers for an investment club, hope this helps some on the thread understand why we are so excited!!! We believe its possible but then everything hasd risk!!!!!!



Lets ignore my opinion for a while and go with the numbers from the Griffin report...........

$3.60 target in 12 months with 3 months already gone so looking good.

In their report they state the revenue at that time will be $20M and share price $3.00 usd

So in 2014 (all in USD) they have revenue at $388M and operating profit $152M... nice
20 times earnings is $12.16
25 times earnings is $15.20
30 times earnings is $18.24
35 times earnings is $21.28
40 times earnings is $24.32

Griffin use a multiple of 34 ............. so $20.67 in 2014

Now lets work my numbers!!!!!!!!!!!!!!!!!

Sales have the potential to be 4 times (or more) this figure by 2018 at higher margins so we could easily see $100USD per share by 2018...................................... Nice!!!!!!!!!!!!!!!!!!!!!

But I can slum it on $20 !!!!!!!!!!!!!!!!