Harbor Acquisition Corporation is an AMEX listed security that has been trading in a range between $5.34 and $5.75 over the past year. With 16,800,000 shares outstanding, a recent price of $5.62 gives a total market capitalization of $94,920,002. While there are certainly larger companies, Harbor Acquisition Corporation has definitely earned its place in the pack. Last year, Harbor Acquisition Corporation created $0.12 in earnings for every share outstanding.
Harbor Acquisition Corporation is currently priced by the market at 46.80 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, Harbor Acquisition Corporation could be an interesting value proposition.
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