Eutro ( EUTO ) Message Board

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Microcap & Penny Stocks : Eutro ( EUTO )

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To: Douglas Craig who wrote (4951)	3/30/1998 6:46:00 PM
From: Playin my Cards	Read Replies (3) of 12043

Rebuttle to Douglas Craig: 's assume a 50% profit margin. The $300,000 dollars in earnings would then be spread out over the 93 million shares. That gives us a per share earnings of $.0032. A whole third of a penny! There may be market makers messing with this stock, but we are not going to go much beyond the current price without a reduction of the float. True it's only $.0032 earnings per share but you have to consider what a fair P/E earnings ration is for a company in this business... Any one have any ideas? If you take a true P/E into account of say 20 (not sure if that is the industry standard...) but that would make a fair value for this stock at $.06 with just this one deal. If we can expect similar or better deals this year that number goes up quite a bit. So, if you take just todays news alone, for a P/E of 20, the stock should be around $.06 . If by some stroke of God, they get the 50,000,000 or a portion of that resolved before they give the dividend, it would be a real sweet deal. Draw your own conclusions Craig. Mike

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