Post by
ZFowler on Jul 17, 2020 10:06am
Price To Earnings
I am the first to admit that I don't know too much about the security/protective gear industry, but I think it's safe to say that the price to earnings ratio on MRS is quite attractive.
The market cap is 34 million while their sales in the first 90 days of 2020 were almost half the market cap (15.1 million). Apparently Q2 and Q3 both have potential to bring in similar numbers or better. If that is the case, if MRS stays at $0.18 per share, they will be trading at 0.5x revenue, which is very low in most industries.
In my opinion, if they keep up these sales figures and reduce costs a bit this stock could deliver a 100% gain to investors that got in around this price range.
Comment by
joe9904 on Jul 17, 2020 12:30pm
In looking at the report, the first thing I notice is that the Auditors have not signed off on these results. Makes we wonder, why management would not have waited, if it was a Rubber Stamp exercise.
Comment by
ZFowler on Jul 17, 2020 1:13pm
Unaudited financials are quite common for quarterly results. It's the annual statements that are released already audited.
Comment by
weedstocks900 on Jul 19, 2020 12:08pm
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