Post by Leafs007on Dec 30, 2014 11:16am
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Post# 23271949
How Do You Value this Company??
How Do You Value this Company??
This is what I gathered from bits and pieces:
** Estimated for 2014 (if expense remains the same):
.......first 6 months (20140 = 87 M revenue; therefore, 12 months = 174 M
...... if expense is 69.9M remain the same (came from here: "
" The first six months of 2013 saw $5.9 million spent on "engineering and product development" -- computers and software -- $16 million spent on marketing and $6 million spent serving loans. Spending has since ballooned, to $13.7 million on engineering, almost $40 million on marketing and almost $16 million spent on loan servicing. This turned the first half of last year's $1.7 million profit into a whopping $16.5 million loss, but that's what you do when you're growing fast -- you spend ahead of it."
...... Net income = $104M
...... EPS (at 361M sh) = 0.288
..... P/E (current 25/sh) = 25/0.288 = 86.8
is this in the ball park? Thoughts?