Help me out here....
My DD tells me that BRM basically booked .09 per share through Q2 with a back log of $14.4M at the end of june with the company stating that at least $7M of that will be realized in 2015. My math puts that at an earnings per share of roughly .18 before this contract. Now, with this contract are we not closer to .23-.25. Using a P/E of 5 would put this between$1.10-$1.25 and that is CONSERVATIVE. A P/E of 10-15 is more reasonable right?
The spike caught my attention today, just doing some DD here.
Thanks.