GREY:ARGEF - Post by User
Post by
juanito1on Feb 19, 2015 11:58am
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Post# 23443855
Pope and Company Target Price- Incorrect
Pope and Company Target Price- IncorrectThe Pope and Company Target price of $2 is just the first stage imho. Here is why: The average producer of Titanium Dioxide today trades at 15X earnings...By the summer of 2017...two year out...Pope and company has Argexs earnings per share at $.58/share...At a 15 multiple...that is $8.70 my friends....That is a 16 bagger from here..Moreover...the world will pay a premium for the stock as it shows incredible growth, and is the low cost producer! As it plans its next ten plants...by 2022.... that would generate earnings of $5.80 and at a 15 multiple...$87/share....Just saying where it is going...