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WSI Industries Inc. Message Board

  • cpa38 cpa38 Mar 18, 2013 7:50 PM Flag

    Rationally thinking about this situation

    OK, so they will fall short of the .51 per share that they earned last year. What does that mean? Let's just guess around .45. They've already earned .17 over the first 2 Qs. Next two they earned .21 and .21 last year. Guess then that they'll come in at around .14 and .14 for the next two Qs, to hit .45 for the current year. Just my guess.

    Still, surely this T*rd is worth a 10 PE, at least? .45 x 10 = $4.50. Right?

    But hey ... there's significantly more value to be had here ....

    When a CEO grows plant capacity by 50% and then reports a follow-up year of declining sales, that has to have some value, don't you think? I mean, idiot CEOs aren't just a dime a dozen these days. Let's say $1. That's reasonable. Right?

    Then, there's the fact that these guys are clueless in how to write decent press releases. That's worth at least .50 per share in entertainment value. Right?

    So, let's do a sum of the parts valuation:

    $4.50 for T*rd like earnings
    $1.00 for an idiot CEO
    $0.50 for stupidly worded press releases

    = $6 a share.

    This thing is worth at least $6 a share. Don't you figure?

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