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Microcap & Penny Stocks : MAMH - New Breast Cancer detection method -- Ignore unavailable to you. Want to Upgrade?

To: rodster397 who wrote (589)	7/16/1998 10:36:00 PM
From: Dr. Bob	Read Replies (2) \| Respond to of 971

Rodster, I think you've got your decimal points in the wrong place - the P/E is approximately 20, not 2, and the current price is .03 dollars (or 3 cents), not .03 cents - unless I'm all screwed up. Hard to tell with these penny stocks! It would take a lot of hype or manipulation to take this to 25 cents, cause the fundamentals won't do it. Earnings growth is maybe 40% per year, at best; maybe a P/E of 80 is the most you could hope for, on earnings of $0.002 = 16 cents, best case scenario, based on the fundamentals and a lot of optimism. To be sure, that's 5 times what it's selling for now, but right now it's pretty reasonable. How do you figure they tripled their EPS, by the way? Bob