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Microcap & Penny Stocks : UNDERVALUE STOCKS WITH SMALL FLOAT.

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To: Taki who wrote ()4/11/1999 5:50:00 PM
From: Rogue_Trader   of 452
 
People might be interested in looking at EVTN. I have posted some company financials on a separate EVTN thread but this company is currently trading at a P/E (based on latest results) of only 2.9 with very little activity. Shares O/S are about 11 million, 80% held by insiders and only 1 million in the float.

In addition to earnings the company have assets which more than back the current share price of 11c. The existing earnings figures are based on their historic core business - if their sales of Separators take off the profits stream could be significant.

My view (and those of others that have carried out initial DD) is that this is a genuine opportunity.

I'd appreciate any opinions on this one.
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