BTU International Inc. is a NASDAQ listed security that has been trading in a range between $8.92 and $15.80 over the past year. With 9,304,410 shares outstanding, a recent price of $14.63 gives a total market capitalization of $121,143,422. While there are certainly larger companies, BTU International Inc. has definitely earned its place in the pack. Last year, BTU International Inc. created $0.77 in earnings for every share outstanding.
BTU International Inc. is currently priced by the market at 19.00 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, BTU International Inc. could be an interesting value proposition. Consistent earnings are the key to high valuations and this security is well on its way.
Monday, July 30, 2007
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