Fiscal 2016 Earningd EstimateBased upon AC conference call and guidance, $4.40 appears to be a reasonably conservative estimate in my opinion. Even allowing for the substantial AC move today, the stock is selling at only 2.1 times 2016 earnings.. During the first 19 trading days in May. AC is slated to buy-back 5.0 million shares or an average of 135,000 per day. Then a new buy-back programme will be announced. Finally the wind will be at shareholders back and the total mispricing of AC stock will become a thing of the past .Note that a lowly 5.0 multiple on $4.40 earnings equals a $22 target .Let the facts prevail.