LL Knickerbocker(KNIC)/Pure Energy Corp Message Board

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Non-Tech : LL Knickerbocker(KNIC)/Pure Energy Corp

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To: Juan Dominguez who wrote (291)	3/16/1997 7:59:00 PM
From: M.Hicks	of 1028

I realized only too late, that I was actually asking about EPS, and not PE ratio. The price/earnings ratio can be determined once you figure out the earnings per share. Sorry 'bout that, but I guess you figured out what I meant. So, given $.11/shr., the PE ratio works out to about 50 times earnings for the quarter. Isn't that a little overvalued (by the book definition) at a $6 price tag, or will next years projected earnings make this figure lower? Of course, value involves other factors such as the upcoming PEC announcements and IPO's, but I know some "hard noses" that wouldn't buy anything that wasn't selling at or near book value.(?) If you only look at the PE ratio, then how do you account for companies like Microsoft and GE which appear overvalued according to the numbers? It becomes obvious to me that value isn't strictly black & white. Let's Rock!!! Mike

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