North American Insurance Leaders Inc.

North American Insurance Leaders Inc. is an AMEX listed security that has been trading in a range between $7.18 and $7.75 over the past year. With 17,968,750 shares outstanding, a recent price of $7.66 gives a total market capitalization of $139,078,121. While there are certainly larger companies, North American Insurance Leaders Inc. has definitely earned its place in the pack. Last year, North American Insurance Leaders Inc. created $0.03 in earnings for every share outstanding.

North American Insurance Leaders 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, North American Insurance Leaders Inc. is unlikely to be an interesting value proposition.