RE:July's auction...I wonder how far off this is ?
8 regular auctions X 17million each = 133 million dollars
3 special auctions X 50million each = 150 million dollars
Total revenue = 288 million dollars
Net income ( 60% of revenue ) = 170 million dollars
Shares outstanding = 381 million shares
net income/shares out = .44 per share earnings
P/E ratio of 10X earnings = 4.40 share price end of 2014