Riviera Holdings Corp. is an AMEX listed security that has been trading in a range between $18.50 and $39.12 over the past year. With 12,463,760 shares outstanding, a recent price of $35.30 gives a total market capitalization of $438,724,362. While there are certainly larger companies, Riviera Holdings Corp. has definitely earned its place in the pack. Last year, Riviera Holdings Corp. created $0.07 in earnings for every share outstanding.
Riviera Holdings Corp. is currently priced by the market at 479.80 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, Riviera Holdings Corp. could be an interesting value proposition.
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