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Microcap & Penny Stocks : TEVE - TelVue
TEVE 0.04000.0%Jan 26 4:00 PM EST

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To: Sheri who wrote (5)4/4/1998 9:51:00 AM
From: Dan Lisman  Read Replies (1) of 195
 
For comparisons of companies in cable industry check out following site:
biz.yahoo.com
I noticed that most of these are LOSING money, but have stocks valued at $30.00, $40.00, $60.00 and rapidly climbing upward.
Since I am trying to be overly conservative in my estimates, I calculate the value of TEVE using a p/e of 20 and their diluted earnings figure of 4 cents per share (number from their 10-K). That gives us a conservative value of 80 cents per share on TEVE. If we get optimistic (or believe that these are realistic and reproducible growth figures), We could easily rationalize (and justify) a p/e of over 1000. That would give us a "real" share value of $40.00 and put us in the same range as all of those LOSING cable companies.
I have bought this stock as high as 25 cents. I plan to sell some at 50 cents, some at a dollar, and retire on the rest.

Dan
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