FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 0.659

+1.4%

Nov 21 9:30 AM EST

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To: David McCleary who wrote (26791)	2/2/1998 8:47:00 PM
From: topwright	Read Replies (1) of 41046

David, congratulations on the contest. As you know from my previous post that I don't put a lot of faith in TA on BB's I do however agree with overall assessment regarding P/S and P/B ratios in general. What I wanted to ask is something that maybe I may be mistaken on, you stated that Franklin's P/b ratio was 99.99 or something like that, right? Maybe this is where you can help me. I'm taking Franklin's assets or book value as being worth $8 mill (from the recent PP's) and dividing that by approx 16 mill outstanding, resulting in .50 per share book value. This compared to a price of approx $5 would give it a P/b of 10. What am I missing here? Look forward to the lesson. rb

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