Pittsburgh and West Virginia Railroad is an AMEX listed security that has been trading in a range between $8.20 and $9.65 over the past year. With 1,510,000 shares outstanding, a recent price of $9.10 gives a total market capitalization of $13,725,900. While there are certainly larger companies, Pittsburgh and West Virginia Railroad has definitely earned its place in the pack. Last year, Pittsburgh and West Virginia Railroad created $0.52 in earnings for every share outstanding.
Pittsburgh and West Virginia Railroad is currently priced by the market at 17.40 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, Pittsburgh and West Virginia Railroad could be an interesting value proposition.
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