Global Entertainment Corp. is an AMEX listed security that has been trading in a range between $4.74 and $6.25 over the past year. With 6,508,170 shares outstanding, a recent price of $4.74 gives a total market capitalization of $31,109,054. While there are certainly larger companies, Global Entertainment Corp. has definitely earned its place in the pack. Last year, Global Entertainment Corp. created $-0.17 in earnings for every share outstanding.
Global Entertainment Corp. 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, Global Entertainment Corp. is unlikely to be an interesting value proposition.
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