get aboard the choo choo train....., page-9

re: robboexa..... hi people,
I thought i'd try to put some solid numbers behind those share price expectations. Based on the current share price, CUS is being valued on a Price-to-Ebit multiple of 29. Based on this multiple, and 400 million shares on issue, CUS needs an EBIT figure of almost $14million to justify a $1 price. Thats roughly 6-7 times their current earnings. I guess thats possible if they acquire an ATM network the same size as their current fleet. I won't factor in the payments processing venture since I have no idea what sort of revenue it will be generating. Please feel free to criticise my valuation approach. I'd like to know where i've gone wrong.
I hold CUSTOMERS and I'm committed for the long term.