1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 Message Board

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

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To: bottomfish who wrote (1984)	1/3/1999 12:25:00 AM
From: M.R. Davis	Read Replies (1) of 5541

A company is not valued for it's assets but for it's ability to generate net revenue or profits. If a company was valued primarily on it's assets then a piece of gold could be a company. A company is an organisation which attempts to make a profit. Valuations are based on earnings - somewhat on current earnings, mostly on future earnings. If a company is trading below book value it is something to bear in mind when assessing whether to purchase - but it should not be a major deciding point for the purchase. Many book values are not realisable. Cash value is something to look at - but not if the company is losing substantial amounts each quarter. MVEE's valuation is based on expectations of future earnings.

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