per share this year. Watch this stock jump to $35.
“Though the shares advanced from $16.40 to $26.96 during the quarter, the share price remains at a very low multiple of both near-term and longer term earnings,” the letter said, adding that the firm expects the stock’s earnings to reach $10 to $15 a share this calendar year, before settling at an average of about $5 a share in future years when industry shortages caused by last year’s floods in Thailand subside.
Ok, so in two and a half years this company will have earned $25 a share ....then there is this 3.5B stock buyback in place...and if you're willing to play along we will throw in a 4% dividend for good measure.
Did we mention that the upcoming quarter will definitely be our best ever...34.5%+ margins on 5B+ in revenue. Oh, and just in case something really bad happens with the global economy we managed to secure LTA's on the majority of our business through at least the end of 2012. We negotiated these when prices were peaking...it's a long story about a flood wiping out our only major competitor etc.