Sunday, July 15, 2007

PERU COPPER INC

PERU COPPER INC is an AMEX listed security that has been trading in a range between $3.21 and $7.00 over the past year. With 119,340,300 shares outstanding, a recent price of $6.20 gives a total market capitalization of $735,136,230. While there are certainly larger companies, PERU COPPER INC has definitely earned its place in the pack. Last year, PERU COPPER INC created $-0.03 in earnings for every share outstanding.

PERU COPPER 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, PERU COPPER INC is unlikely to be an interesting value proposition.

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