B + H Ocean Carriers Ltd. is an AMEX listed security that has been trading in a range between $13.51 and $19.60 over the past year. With 6,991,660 shares outstanding, a recent price of $18.10 gives a total market capitalization of $126,549,049. While there are certainly larger companies, B + H Ocean Carriers Ltd. has definitely earned its place in the pack. Last year, B + H Ocean Carriers Ltd. created $1.75 in earnings for every share outstanding.
B + H Ocean Carriers Ltd. is currently priced by the market at 10.40 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, B + H Ocean Carriers Ltd. could be an interesting value proposition.
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