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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46

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To: Capitalism who wrote ()1/2/1999 1:46:00 AM
From: Banditjrjr  Read Replies (3) of 5541
 
Okay guys and girls, now that we've established how to calculate the book value, can someone tell me how it should be used? I ask this because I thought it was the PE value that peolpe looked at when considering whether to invest in a company or not as well as other things! But what is the book value used for in terms of evaluating a company??

Thanks in advance!

John
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