AMCON Distributing Co. is an AMEX listed security that has been trading in a range between $9.15 and $36.00 over the past year. With 527,060 shares outstanding, a recent price of $25.60 gives a total market capitalization of $13,281,912. While there are certainly larger companies, AMCON Distributing Co. has definitely earned its place in the pack. Last year, AMCON Distributing Co. created $1.12 in earnings for every share outstanding.
AMCON Distributing Co. is currently priced by the market at 10.30 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share in excess of $1 a share, AMCON Distributing Co. could be an interesting value proposition.
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