RE:RE:RE:RE:RE:RE:Final Results of Substantial Issuer Bid I was basing my my eps on the last quarter earnings 1.10, not annual earnings
40? 4 quarters * P/E of 10 = 40.
or 1.27/quarter * 4 quarters *P/E of 10. (just my rough numbers)
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my annual EPS calculation of HCG post SIB, $5.55,
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True, but those numbers include release of provision from credit losses. 5.55/4 = 1.388 per quarter. Can't count on that to be a significant contributor going forward.
I went with 1.10 >> 1.27 per quarter instead of 1.388. Was being conservative I think.
So ya, anywhere between $50-$60 is acheivable.
organeer wrote: Where did you get "40" from 1.27 x 40?
from my annual EPS calculation of HCG post SIB, $5.55, and normal P/E of 10
Fair price should be $55.5