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Non-Tech : MBTI to a new horizon
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To: Ginko who wrote (55)1/2/1999 12:19:00 PM
From: Nav Toor  Read Replies (2) of 76
 
MBTI has about 12 million shares outstanding and made $9 million in profits in 1997. That translates to $0.75 earnings per share. Using a PE of 20, the share price should be $15.00. A PE of 20 is pretty damn conservative for an internet stock. Considering that this stock is currently at $7.63, I think that MBTI is gonna see some more drastic increases in share price over the next few weeks as they open up their internet auction site. Anybody else have any comments on this?
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