BIW Limited is an AMEX listed security that has been trading in a range between $14.00 and $23.20 over the past year. With 1,674,580 shares outstanding, a recent price of $22.41 gives a total market capitalization of $37,510,591. While there are certainly larger companies, BIW Limited has definitely earned its place in the pack. Last year, BIW Limited created $0.47 in earnings for every share outstanding.
BIW Limited is currently priced by the market at 47.60 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 below $1 a share, BIW Limited could be an interesting value proposition.
Wednesday, July 18, 2007
BIW Limited
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