Showing posts with label Arizona. Show all posts
Showing posts with label Arizona. Show all posts

Thursday, July 19, 2007

Wilshire Enterprises Inc.

Wilshire Enterprises Inc. is an AMEX listed security that has been trading in a range between $3.81 and $6.56 over the past year. With 7,916,250 shares outstanding, a recent price of $5.74 gives a total market capitalization of $45,518,438. While there are certainly larger companies, Wilshire Enterprises Inc. has definitely earned its place in the pack. Last year, Wilshire Enterprises Inc. created $-0.17 in earnings for every share outstanding.

Wilshire Enterprises 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, Wilshire Enterprises Inc. is unlikely to be an interesting value proposition.

Monday, July 16, 2007

Arizona Star Resource Corp.

Arizona Star Resource Corp. is an AMEX listed security that has been trading in a range between $8.30 and $13.15 over the past year. With 42,325,940 shares outstanding, a recent price of $11.24 gives a total market capitalization of $485,055,274. While there are certainly larger companies, Arizona Star Resource Corp. has definitely earned its place in the pack. Last year, Arizona Star Resource Corp. created $-0.06 in earnings for every share outstanding.

Arizona Star Resource Corp. 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, Arizona Star Resource Corp. is unlikely to be an interesting value proposition.