Cathay Merchant Group, Inc. is an AMEX listed security that has been trading in a range between $0.23 and $0.77 over the past year. With 18,890,580 shares outstanding, a recent price of $0.45 gives a total market capitalization of $8,311,855. While there are certainly larger companies, Cathay Merchant Group, Inc. has definitely earned its place in the pack. Last year, Cathay Merchant Group, Inc. created $-0.09 in earnings for every share outstanding.
Cathay Merchant Group, Inc. is currently priced by the market at 0.00 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, Cathay Merchant Group, Inc. is unlikely to be an interesting value proposition.
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