GREY:IPHAF - Post by User
Comment by
nowayouton Mar 21, 2006 1:20pm
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Post# 10539901
RE: Short term players are selling
RE: Short term players are sellingRe: price target.I think you may have interpreted $6 by 2010 wrong.
"In arriving at our $6 price target, we apply a 30x multiple to our 2010 EPS estimate of USD .40, discounted annually at 25%".
I take this to mean a price target in 2010 of .40x 30= $12 USD.
Discounted at 25% per year would equal to a 1 year price target of $6 USD.This would assume a successful European trial, and possibly partnership.