Espey Manufacturing and Electronics Corp.

Espey Manufacturing and Electronics Corp. is an AMEX listed security that has been trading in a range between $15.45 and $19.73 over the past year. With 2,315,690 shares outstanding, a recent price of $23.70 gives a total market capitalization of $53,214,555. While there are certainly larger companies, Espey Manufacturing and Electronics Corp. has definitely earned its place in the pack. Last year, Espey Manufacturing and Electronics Corp. created $1.18 in earnings for every share outstanding.

Espey Manufacturing and Electronics Corp. is currently priced by the market at 19.50 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, Espey Manufacturing and Electronics Corp. could be an interesting value proposition.