Bruce Campbell top pick
Management expects to be cashflow & earning positive by end of Q2 2015 and anticipates they will process $100 million in transaction per day one year from now while earning a 1% fee to process those transactions. So my logic is if a company only has 35 million shares outstanding and assuming one year from now it make 1% of $100 million x 365 days = $365,000,000 gross income say in 2017 and using net income after tax of say 30% it can leave a NIAT of $110,000,000/35,000,000 shares = $3.14 x 15 PE = share value of $47 two to three year away. It sure looks like VGO has a lot of potential for growth based on my calculation. I am in for the long run because at $3.25 it is very undervalued. I am sure that by year end the story will become a reality and this stock will attract serious money for sure. Time will tell.