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Microcap & Penny Stocks : JAWS;A P/E of 2 with 150%/yr Erngs Growth!!

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To: BBG who wrote (4061)6/4/1999 2:03:00 AM
From: steve armon  Read Replies (1) of 4230
 
To the thread,
I'm trying to do a little DD here so I've been picking through the 10-12GA and came up with the following:
They grossed $4.6million in 1998
They had about $1.1million in expenses which nets you about $3.5, lets say $3million since I'm VERY new to "reading the books".
With 17.9million shares outstanding thats an eps of .17 cents. Give it a multiple of 20 and the stock should be sitting at $3.40. But its not.
So is it that 1.people do not believe the 10-12GA or 2.people feel that a large number of shares have entered the float (50million authorized so this could be true)or 3.something I'm not aware of.

If you believe the press reports of increased profits and the float is somewhere around 20million this stock is undervalued! Right?
Steve
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