Bobwins

China Natural Gas: There's Still Time to Catch Some Growth

How did you get your eps numbers?

"For the year 2007, the Company expects revenue to increase 70% to $32.0 million from $18.8 million in 2006. The Company expects net income to increase 70% to $9.3 million in 2007 from $5.5 million in 2006. For the year 2008, the Company anticipates revenue and net income growth of at least 70%."
2006=5.5/22 or .25eps
2007= 9.3/24.2 or .38eps
2008= +70% or 15.81/26(assuming warrants in the money)= .61eps

So today's price 4.43/.25=17.7 p/e ttm
2007 4.43/.38= 11.65 forward p/e
2008 4.43/.61= 7.26

Is there another PR with different company guidance?