Post by
tarsands on Nov 04, 2015 12:22pm
what gives with this valuation?
$48 million in cash!
Approx. 37 million shares outstanding, that is approx. $1.30 in cash alone, with 6 cents in earnings per share this Q, even if it was 1 red cent earnings this quarter it would not be bad.
When I look at other companies in the TECH sector with earnings per share. They are lousy.
Tecsys (TCS) market cap ($100 million) EPS - 11 cents ----- PE- 82
Resaas (RSS) market cap ($86 million) EPS- -24 cents ------ PE - ?
The list can go on, but my point is the valuation metrics here are great, they make money, the others I have looked at other then TCS with a PE of 82, are all losing money and huge globs of it.
Just does not making any real sense to me!
Comment by
John99 on Nov 04, 2015 1:21pm
You're right, it's obviously undervalued at this point. Any positive news will get us headed back in the right direction so I think holding on is prudent. The market, as others stated here, overreacted to the contract news when you consider esp's cash position and positive earnings.
Comment by
ruben12345 on Nov 06, 2015 3:10pm
The contract thing was a disappointment but by no means sets them back we'll get a bump soon