Maine and Maritimes Corporation is an AMEX listed security that has been trading in a range between $14.15 and $29.20 over the past year. With 1,677,190 shares outstanding, a recent price of $25.65 gives a total market capitalization of $44,311,360. While there are certainly larger companies, Maine and Maritimes Corporation has definitely earned its place in the pack. Last year, Maine and Maritimes Corporation created $-3.62 in earnings for every share outstanding.
Maine and Maritimes Corporation 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, Maine and Maritimes Corporation is unlikely to be an interesting value proposition.
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