Bullboard - Stock Discussion Forum Malaga Inc MLGAF

Metals & Mining Industrial Metals & Minerals

Malaga Inc. is a mining company. The company, through its subsidiaries operates tungsten mine and gold plant with mining and exploration activities focused in Peru. The operations, exploration and development activities on the Pasto Bueno Property are located in the Ancash Department, Central Peru. The company also owns and operates in a hydroelectric asset. The company owns 100% of the... see more

Add To Watchlist

GREY:MLGAF - Post Discussion

Malaga Inc > Trading below book value

View:

Post by suncatchgold on Feb 03, 2012 12:29pm

Trading below book value

Book value on this stock is 11.5 cents/share and this company is profitable with earnings per share of 3.4 cents. That puts the price/earnings ratio at about 3. They say apple is undervalued with a P/E of 11 (unfair comparison but you get the point) What is up with this stock? Tungsten prices are only going higher.

267

Comment

Comment by mbonikow on Feb 03, 2012 3:08pm

Nothing is up with this stock. It's thinly traded and then a seller shows up with 10% of the float and decided to lean on it. Why? Who cares, probably the same idiot who was buying Sino Forest at it's high... If this was a smart seller should he be selling at 10 cents which is a historic low? Where was he when it was printing 30 cents? Please sign me up to his stock picking newsletter ...more

304

Comment

Comment by dlindy14 on Feb 06, 2012 10:09am

agreed with mbonikow completely. It's just a matter of time before more see the value and we get back into the 20s, a tidy and relatively quick double from here.

298

Comment

Malaga Inc