Providence and Worcester Railroad Company is an AMEX listed security that has been trading in a range between $16.50 and $21.84 over the past year. With 4,547,710 shares outstanding, a recent price of $19.45 gives a total market capitalization of $87,543,418. While there are certainly larger companies, Providence and Worcester Railroad Company has definitely earned its place in the pack. Last year, Providence and Worcester Railroad Company created $0.02 in earnings for every share outstanding.
Providence and Worcester Railroad Company is currently priced by the market at 811.60 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, Providence and Worcester Railroad Company could be an interesting value proposition.
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