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At year end, Sampson Companys balance sheet showed total assets of $80 million, total liabilities of $50 million, and 1,000,000 shares of common stock outstanding.
At year end, Sampson Companys balance sheet showed total assets of $80 million, total liabilities of $50 million, and 1,000,000 shares of common stock outstanding. Next year, Malta is projecting that it will have net income of $2.6 million. If the average P/E multiple in Maltas industry is 16, (and this is an average stock) what should be the price of Sampsons stock?
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