~~ IFON target 100 dollars share price~~~ 9 million float PROFITABLE ZERO DEBT COMPANY
"IFON, Nasdaq Company
Float 9 million,
insiders hold 31.75% of shares
IFON's verykool™ products are sold in 28 countries and 5 continents around the world.
their USA distributor Ingram Micro Inc. (NYSE:IM)
IFON 100 dollars share price possible!! why?
If IFON reaches 1 million shipment for each quarter share price will skyrocket..
with the new models it is possible.. Also new distributor Ingram micro.. THE WORLD LARGEST CELL PHONE DISTRIBUTOR
Agreed...let's do the math. A $100 price target might be achievable on a generous 20 PE ratio, but it would only get that if the growth could sustain it, but let's assume it's possible. It would still require annualized earnings per share of $5, or basically $50 million with 10 million shares outstanding. That would mean about $75 million in pre-tax earnings. Let's assume (again very difficult) that the company can maintain profit margins of 20%, that would mean $375 million in growth sales....but wait, we have SG&A to cover, and certainly there will be a huge loan with interest to pay to meet these sales volumes...so let's round it up to about $420 million in annual sales. What did IFON do last year? $35 million? I'm as optimistic as the rest, but let's get real. If IFON can get itself to $80 million in sales I'll be happy. $420 million? LOL