Corporate Vision (CVIA) Message Board

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Microcap & Penny Stocks : Corporate Vision (CVIA)

CVIA 0.480

0.0%

Jun 30 5:00 PM EST

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To: Matt Brown who wrote (3841)	4/17/1998 11:37:00 PM
From: TraderGreg	Read Replies (4) of 6654

If CVIA has 500,000 bucks in cash and 390,000 shares outstanding, then on a book value scale that puts each share worth 1.28 (or .78, not sure which way to divide, my head hurts tonight!) just in cash value. If that was the equivalent of the book value (some people look and think highly sitting cash) and say our industry multiple was say.... 21 or 28, then that would put us at a share price of $26.88-$35.84. I lost you Matt. You took the post split book value and then multiplied it by 21? What is that???? Sounds like you confused P/E with book value multiple. I don't know any stock(except maybe NSCP, AOL<ggg>) that trades at that multiple of book. If you were talking P/E of 21, you wouldn't multiply it by stock price, you would multiply it by EARNINGS PER SHARE. What are you trying to say? TG

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