Sunday, July 22, 2007

MAD CATZ INTERACTIVE INC

MAD CATZ INTERACTIVE INC is an AMEX listed security that has been trading in a range between $0.30 and $1.65 over the past year. With 54,244,380 shares outstanding, a recent price of $1.47 gives a total market capitalization of $76,484,574. While there are certainly larger companies, MAD CATZ INTERACTIVE INC has definitely earned its place in the pack. Last year, MAD CATZ INTERACTIVE INC created $0.07 in earnings for every share outstanding.

MAD CATZ INTERACTIVE INC is currently priced by the market at 20.80 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, MAD CATZ INTERACTIVE INC could be an interesting value proposition.

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