Chicago Rivet and Machine Co. is an AMEX listed security that has been trading in a range between $20.29 and $25.38 over the past year. With 966,130 shares outstanding, a recent price of $24.75 gives a total market capitalization of $23,911,718. While there are certainly larger companies, Chicago Rivet and Machine Co. has definitely earned its place in the pack. Last year, Chicago Rivet and Machine Co. created $1.08 in earnings for every share outstanding.
Chicago Rivet and Machine Co. is currently priced by the market at 23.00 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 in excess of $1 a share, Chicago Rivet and Machine Co. could be an interesting value proposition.
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