Fountain Powerboat Industries, Inc. is an AMEX listed security that has been trading in a range between $2.50 and $5.00 over the past year. With 4,844,270 shares outstanding, a recent price of $2.65 gives a total market capitalization of $12,595,102. While there are certainly larger companies, Fountain Powerboat Industries, Inc. has definitely earned its place in the pack. Last year, Fountain Powerboat Industries, Inc. created $-0.86 in earnings for every share outstanding.
Fountain Powerboat Industries, 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, Fountain Powerboat Industries, Inc. is unlikely to be an interesting value proposition.
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