Netflix P/E of 547..
QFX turns a profit of $1M this quarter for an anualised profit of $4M
On a PE of 547 we get a MC of.....$2,188,000,000
Yep that BILLIONs not millions.
Seems like a big stretch from a humble $9.4M doesn't it?
It implies a share price appreciation of......232 times!
Pie in the sky numbers?
Maybe....but I'll settle for a tenth of that!