TASA. Can someone with KNOWLEDGE help!!!! Message Board

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Microcap & Penny Stocks : TASA. Can someone with KNOWLEDGE help!!!!

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To: csm who wrote (205)	4/10/1998 8:28:00 PM
From: Thomas Kirwin	Read Replies (1) of 601

Stock Valuation Model - Book Value A guest speaker on the Nightly Business Report stated that it was not long ago a company's stock traded at two to three times book value. Now, stocks trade at four to six times the same value. Utilizing the old and current average valuation multiple TASA would be fairly valued as follows: Book Value x Average Multiple = Stock Price Average Multiple of 2.5 Times $0.74 x 2.5 = $1.85 Average Multiple of 5.0 Times $0.74 x 5.0 = $3.70 This method conservatively indicates that TASA should be trading between $1.85 and $3.70 based on its book value of $0.74. IMHO - More proof that Touchstone Applied Sciences is currently undervalued. Regards, Tom

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