RE:RE:3.64 MILLION DOLLAR CONTRACTExit 2013 EPS figure should be around .08 as we all anticipate. My calculations reveal .09 EPS on the low end exit 2014. Once this 5 yr recurring contract gets signed the "contract risk" will dissipate and the market should warm up and grant a more respectable earnings multiple for proven consistency. Even a conservative multiple of 10x on 2013 earnings of .08 puts NCI near $1. Another year of .08 or higher in 2014 makes NTG a $1 company. I'm not going to speculate on where I think it'll really be for a company with only 36 million shares outstanding when the herd comes back.
So another month to go, but Doren's right, it should be another record year. The risk is not for everyone but management has delivered in spades thus far and have built strong relationships with their clients and have ample skin in the game, it isn't often you get such a protracted opportunity. Show the market the $3.64m/5yr signing which is already underway. Sign 2-3 new contracts this year and we're off to the races again.