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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Bilberry who wrote (3856)9/14/1998 12:19:00 AM
From: NASDBULL  Read Replies (1) | Respond to of 119973
 
Book value is only about .70 cents on JMAR.

Price to Book is 3.

I was saying that management is buying back stock at a premium just looking at price to book value.

I would wait till p/b drops below 1 before management agressively buys back $2 million in stock. Sounds risky if you ask me.

That would put us at a price of about .65 cents on JMAR.

That's all i'm saying.

I didn't say the price was $3, I see that it is $2/share. the p/b = 3

NASDBULL


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