re: steady ready rock! JUst imagine what the share price will...

re: steady ready rock! JUst imagine what the share price will look like when the sales growth will decline and new and better technology enters the market. Actually it would be better to price senetas like the fundamental method of pricing mining companies; that is work out the life of the mine and in sen case the life of the technology, workout the expected net cash flows for 5 years with the DCF method and calculate the net present value. Also you must include a residual value becuase there will be equipment and some other assets left at the end of its life.

This calculation is done becuase it will say from year one what shareholders will get back each year as the share price declines with each year of subtraction of NPV cashflow off the share price.