It is now bumped up to .54, which even at a low p/e of 15 is $8.10/share!! Factor in TRIB's long term avg. p/e of 22.2 and we get $11.99/share.
BTW, dilution, although an altering event has not had near the effect as you would think. Sales in 1997 were $3.43/share and for 2009 will be $6.10/share(est). The main culprit for poor earnings was the rapid rise in SG&A expenses over the last 10 years. In 1997 it was 12.4% and in 2008 it was 33%. With the efforts this year it will about 27% and the difference will go directly to EPS since cost-of-sales, r&d, taxes and interest percentages have remained relatively constant. For the year that will be about 9.1% net profit. However increasing sales and pushing sg&a expenses back under 24% will give TRIB more than 12% net profit which is in line with this industry. FWIW, DYODD, 46darby.