Monday, July 16, 2007

Commerce Energy Group, Inc.

Commerce Energy Group, Inc. is an AMEX listed security that has been trading in a range between $1.01 and $3.25 over the past year. With 30,385,870 shares outstanding, a recent price of $2.01 gives a total market capitalization of $62,291,032. While there are certainly larger companies, Commerce Energy Group, Inc. has definitely earned its place in the pack. Last year, Commerce Energy Group, Inc. created $0.17 in earnings for every share outstanding.

Commerce Energy Group, Inc. is currently priced by the market at 11.90 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, Commerce Energy Group, Inc. could be an interesting value proposition.

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