New microequities report out with a buy target of $.28. Updated...

New microequities report out with a buy target of $.28. Updated EPS forcast of $.023 EPS for FY11. Thing is I think microequities are a little conservative with their estimates. In support of this statement consider this - BGL managed to beat ME FY10 estimates by OVER 40%!!! (ME estimated EPS of .012 whereas BGL achieved EPS of .0174) - now thats a bit of an understatment! On my numbers I think we can expect EPS in the range of between .0245 and .028 for FY11 and that is without further acquisitions. Further early acquisitions could see EPS higher again. We should get a clearer idea in the event that BGL management provide earnings guidance towards the end of the year, which historically they have done. On my mix of PEER EV/EBITDA, PEER PER and DCF I have a personal 12 month price target of $.315. So there would appear to be plenty more upside left in this little Gem. Good luck to all holders and pats on the back for those that picked shares up at sub .15 as failing another massive leg down in equities markets (which looks more possible by the week) I dont think we will be seeing those prices again any time soon.