Arete Industries (ARET)

[junebug6500]

Certainly not a scam. Maybe in the past Aret had issues but today they seem poised to grow. The preliminary 3Q numbers look good to me. I'm happy but would like to see a fairer share price. In time it will come.

Year to year YTD revenue has grown about $430K which is about 29% growth. Very good. And profits have gone from a YTD 2013 loss of $16K to a YTD 2014 profit of $352K. Why is that not awesome???? I'm not sure why our stock price remains so low because the numbers support a much higher share price. If we take the $352K profit for just nine months and divide by the number of outstanding shares of 12,400,000 you get an EPS of $0.028. Take $0.028 times a multiple of 20 and you get a reasonable share price of $.57. That is the area we should be trading in IMO.