JITE TECHNOLOGIES INC V.JTI

Price target for Jite and McVicar?

[GoldnEye]

$1.2 to $1.6

G

[sydenham]

Goldeneye,Could you please provide your rationale for a $1.20-$1.60 price target for JTI?  Thanks.

[GoldnEye]

1.5x to 2x book value. Right now the stock isn't even at 50% of book. I had talked to an analyst who tracks the stock/covers it a bit - after last quarter's earnings the stock should be easily at 50 cents to 60 cents. A couple more quarters and we can hit those higher numbers.G

[sydenham]

Thanks for your reply.