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Microcap & Penny Stocks : AMEN Looks Pretty Good
AMEN 500.01-0.8%Dec 12 9:30 AM EST

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To: Jan A. Van Hummel who wrote (377)12/18/1998 11:15:00 AM
From: Pete Mason  Read Replies (1) of 627
 
This stock is a wonderful short.

Lessee.... trades at 11x book, 74x sales.... loses lots of money. Market cap of $47M, 23 employees, giving a market cap per employee of just over two million bucks!

Heck, that model of conservative stock market valuation, Amazon, "only" trades at 31 times sales!

Yeah, I know: "ooohh, oooohh, but AMEN hired a couple of $20-per-hour designers for a week and built themselves a Web site! That makes them _worth_ 74 times sales.... and even more!"

We'll see...

-- Pete
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