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<blockquote data-quote="pretzel_man" data-source="post: 786312" data-attributes="member: 927"><p>Of course..... In their old releases, they said they looked at current and future conditions.</p><p> </p><p>It always flucuated at between 12 and 15. Prior to going public, I was in a meeting with Bob Stoffel. He explained that in order for the stock to grow, profit needed to grow. He explained the P/E calculations.....</p><p> </p><p>Before that meeting, I thought exactly like you said. I figured that we made lots of money and that stock would grow because we would make the same amount. Bob explained that if profit didn't grow, stock would not grow. Again, this was before goig public.</p><p> </p><p>What happened is that after going public, we had a huge P/E. I think we were like 29+. So, when profits grew, the P/E shrunk. The growth wasn't what the street wanted, so P/E got lower...</p><p> </p><p>If we were private, we would have had BOTH earnings growth and stock growth (even if the stock was lower). Personally, I would have preferred that.</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 786312, member: 927"] Of course..... In their old releases, they said they looked at current and future conditions. It always flucuated at between 12 and 15. Prior to going public, I was in a meeting with Bob Stoffel. He explained that in order for the stock to grow, profit needed to grow. He explained the P/E calculations..... Before that meeting, I thought exactly like you said. I figured that we made lots of money and that stock would grow because we would make the same amount. Bob explained that if profit didn't grow, stock would not grow. Again, this was before goig public. What happened is that after going public, we had a huge P/E. I think we were like 29+. So, when profits grew, the P/E shrunk. The growth wasn't what the street wanted, so P/E got lower... If we were private, we would have had BOTH earnings growth and stock growth (even if the stock was lower). Personally, I would have preferred that. [/QUOTE]
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