Getting rid of the tank cleaning business - gives about $38k a month. Add todays $750K / year estimate on this new business gives about $1.2 million a year to earnings before tax. Assuming that the rest of the business stays on track and estimating a moderate growth stock estimate of pe of 20 then recent activities has added about 0.24 cps to earnings - times by 20 pe and about 5 cents added to the share price.
Overall - I get a very conservative estimate of 17 - 20 cents for the share price. But do your own numbers and lets see what they have to say tomorrow as to how they are tracking well and/or going to give a new forecast earnings outlook.
TOX Price at posting:
0.0¢ Sentiment: None Disclosure: Held
