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Harry Chairs has expected earnings per chair of $3.79. The table provides financial data for its two closest competitors. If their average performance (and valuation)
Harry Chairs has expected earnings per chair of $3.79. The table provides financial data for its two closest competitors. If their average performance (and valuation) represents the best benchmark for Harry Chairs, then what is the best estimate of the fair stock price for Harry Chairs?
Man Chairs | Woman Chairs | |
Net Income | $4,833,600 | $1,981,760 |
# of Shares outstanding | 1,590,000 | 563,000 |
EPS | $3.04 | $3.52 |
Stock Price | $68 | $64 |
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