My edig Investment
posted on
Sep 07, 2011 12:34PM
Help me with this, but I've roughly determined that for me to begin to recover my initial investment in edig I estimate the minimum earnings have to be $29 million. And from best I can determine the outstanding share are about 293 million , so with $29 million is earnings that equals per share earnings of .10 cents. , and with a price/share multipier of 10 the stock would trade at $1.00. Accordingly, at a multipier of 20 the stock would trade at $2.00, and so on up to a multipier of 30 with stock then trading at $3.00
Is this a reasonable earnings expectation level that we can expect from edig given the future of edig as laid out by Fred.
Appreciate any comments.