Delta Financial Corporation

Delta Financial Corporation is a NASDAQ listed security that has been trading in a range between $7.26 and $13.60 over the past year. With 23,580,960 shares outstanding, a recent price of $10.53 gives a total market capitalization of $244,062,945. While there are certainly larger companies, Delta Financial Corporation has definitely earned its place in the pack. Last year, Delta Financial Corporation created $1.17 in earnings for every share outstanding.

Delta Financial Corporation is currently priced by the market at 9.00 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, Delta Financial 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.