PIH could double from here Looking at the financials for PIH, their revenues have been growing quickly. Look at the quarterly EPS numbers below. PIH mentioned increased customer demand along with strong revenue growth for their 1st Qtr.
"Pacific Insight Electronics Starts Fiscal Year with Strong Revenue Growth and Increased Customer Demand".
They did 33 cents per share and if they can do an average of 30 cents/share for 4 quarters, that's $1.20/yr EPS x a multiple of 10 gives you $12.00/share.
This can easily be a double from here. Even if they just average 25 cents/share for 4 quarters, that works out to $10/share.
Hint, take the last 3 quarters and you get an average of 25 cents/share/qtr EPS but remember that the EPS has been increasing and the market is forward looking. The last 2 quarters average is 31 cents/sh EPS. The last quarter was 33 cents/share.
The next earnings report should be out by the middle of February and if they can do 30+ cents/share earnings, there is no reason I know of that the share price shouldn't quickly get to at least $8.00.
All in my honest opinion.
Financial Highlights
| | | | | | |
| In thousands of dollars
(except EPS) | 3 months ended
Sep 30, 2015 | 3 months ended
Jun 30, 2015 | 3 months ended
Mar 31, 2015 | 3 months ended
Dec 31, 2014 | 3 months ended
Sep 30, 2014 |
| Revenues | $30,436 | $27,323 | $22,911 | $16,318 | $15,936 |
| Net income (loss) for the period | 1,988 | 1,739 | 931 | -313 | 88 |
| Earnings (loss) per diluted share | 0.33 | 0.29 | 0.15 | -0.05 | 0.01 |