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Microcap & Penny Stocks : ICVI (now MTEI) -- Ignore unavailable to you. Want to Upgrade?

To: Maakamil who wrote (4819)5/29/1998 4:01:00 PM
From: RocketMan  Read Replies (2) | Respond to of 11850
 
You did DD on me?? Wow, I've never had DD done on me that I know about :-) You didn't get into my beer ice chest, did you?

About the book value, I researched about 100 oil and gas firms and the average price to book for those with negative earnings is 1.5

Once they start earning, it is at least 3

If you found one that low, it is an outlier, not representative of the industry. Do the research yourself and you will see my numbers hold up.



To: Maakamil who wrote (4819)5/29/1998 4:29:00 PM
From: justaninvestor  Respond to of 11850
 
Hi Maak - there are a number of reasons that a stock might languish under its perceived book value. One of them could be a weak shareholder base, lack of exposure etc. Do you think that those 2 conditions apply to MTEI!!?

bbruin


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