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I posted in January, when I bought NWAU for 46 cents/sh that I thought it would go to $ 1.50. It's near that now. Did anyone else jump on this from my posts?
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In what time frame do they belive that growth will happen in?
I assume (if all goes well) the announcement of their dealership purchase and getting off the pinks should happen in the next couple of months. Correct me if I'm wrong.
SCOTTSDALE, Ariz., Jan 20, 2005 /PRNewswire-FirstCall via COMTEX/ -- NowAuto, Inc. (NWAU) is raising guidance for 2005 and providing corporate updates. NowAuto expects to earn net income between $5 and $6 million or between 31 and 38 cents per share in 2005. ___________________________________
If this is true, then the stock price should be at least 10 x earnings (.31 - .38/sh) or around $ 3.10 to $ 3.80.
A stock's price will always catch up to it's earnings....it's just a matter of time.