GREY:CHTYF - Post by User
Comment by
TabulaRasaon Aug 22, 2014 10:50am
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Post# 22868833
RE:RE:RE:RE:Q2
RE:RE:RE:RE:Q2I completely agree with you, if you take their quarterly sales of 25.6M and multiply it by 4 quarters anual sales should be 102.4M. Most companies trade between 2 to 3 times their sales so using the low end of 2 times sales would give them 204.8M. 204.8M divided by their shares outstanding of 121M gives them a current price of 1.68 a share. These calculations do not include increased production or the use of the battery which saves them 250,000$ per well. Simply put, its undervalued. best of luck to everyone reading this