Meruelo Maddux Properties Inc. is a NASDAQ listed security that has been trading in a range between $4.89 and $10.90 over the past year. With 85,810,200 shares outstanding, a recent price of $5.20 gives a total market capitalization of $475,388,505. While there are certainly larger companies, Meruelo Maddux Properties Inc. has definitely earned its place in the pack. Last year, Meruelo Maddux Properties Inc. created $-0.21 in earnings for every share outstanding.
Meruelo Maddux Properties Inc. 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 below $1 a share, Meruelo Maddux Properties Inc. is unlikely to be an interesting value proposition. Consistent earnings are the key to high valuations and this security is not on its way.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment