Again francoise, you have to have an E to have a meaningful P/E. 95% plus of the Zsun E comes from selling stock. The company claims it made $44,788 on it's operations, that's on 2.29 million sales. Slim margins, but it's actually worse than that. If you look at the year before the company had 885k in sales and made 81k. That was when they were primarily a printer in Manila. Adding in all of this mighty internet stuff has actually lost them money if you take away the printing business. As far as internet only goes, they are likely losing money so forget your 100 p/e valuation.
Again, saying that the investment seminar company is internet related is like saying Wal Mart is internet related. Internet related does not get you internet valuations, it's stupid to suggest it would. As far as PCNTF, read through A@P thread, when it was in the 80's I tried to tell people it was overdone, same a few days ago in the low 60's. Sure enough, it came back to the 50's. Again, P/E on PCNTF is not a good comparison, revenue and subscriber growth is. When PCNTF ipo'd all the mega Asia buzz had it doubling it's number of subscribers this year. They better get busy, looks like they only grew about 10% in the first quarter. Asia has all the people, but they do not have any phones or computers or telecommunication infrastructure outside of a few huge cities. Yes Asia is an area offering huge growth but anyone that thinks that Yahoo Asia, PCNTF, MSFT or AOL etc. can't and won't blow ZSUN out of the water in any area they want is a fool. ZSUN has nothing that can't be quickly duplicated and bettered for a small initial investment.
Mr. Burns |
