Monday, August 6, 2007

Evans and Sutherland Computer Corporation

Evans and Sutherland Computer Corporation is a NASDAQ listed security that has been trading in a range between $2.07 and $5.54 over the past year. With 11,089,170 shares outstanding, a recent price of $2.12 gives a total market capitalization of $23,287,256. While there are certainly larger companies, Evans and Sutherland Computer Corporation has definitely earned its place in the pack. Last year, Evans and Sutherland Computer Corporation created $2.32 in earnings for every share outstanding.

Evans and Sutherland Computer Corporation 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 in excess of $1 a share, Evans and Sutherland Computer Corporation is unlikely to be an interesting value proposition. Consistent earnings are the key to high valuations and this security is well on its way.

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