White River Capital Inc. is an AMEX listed security that has been trading in a range between $16.65 and $25.00 over the past year. With 3,842,290 shares outstanding, a recent price of $23.50 gives a total market capitalization of $91,062,276. While there are certainly larger companies, White River Capital Inc. has definitely earned its place in the pack. Last year, White River Capital Inc. created $15.92 in earnings for every share outstanding.
White River Capital Inc. is currently priced by the market at 1.50 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 in excess of $1 a share, White River Capital Inc. is unlikely to be an interesting value proposition.
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