Trans-Lux Corporation is an AMEX listed security that has been trading in a range between $5.50 and $9.04 over the past year. With 2,306,170 shares outstanding, a recent price of $7.00 gives a total market capitalization of $16,373,807. While there are certainly larger companies, Trans-Lux Corporation has definitely earned its place in the pack. Last year, Trans-Lux Corporation created $-2.10 in earnings for every share outstanding.
Trans-Lux 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 below $1 a share, Trans-Lux Corporation is unlikely to be an interesting value proposition.
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