Canterbury Park Holding Corporation is an AMEX listed security that has been trading in a range between $11.00 and $14.69 over the past year. With 4,110,780 shares outstanding, a recent price of $12.95 gives a total market capitalization of $53,440,140. While there are certainly larger companies, Canterbury Park Holding Corporation has definitely earned its place in the pack. Last year, Canterbury Park Holding Corporation created $0.67 in earnings for every share outstanding.
Canterbury Park Holding Corporation is currently priced by the market at 19.30 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 below $1 a share, Canterbury Park Holding Corporation could be an interesting value proposition.
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