MyECheck, Inc. (fka MYEC)

[PennyStalker]

This calculation is using the Q2 net earnings x 4 / OS shares.

This is obviously not a proper way to calculate book value.

Book value is irrelevant in determining the PPS anyway.

To estimate a ticker's "fair market value PPS", you should use:

(Q1 + Q2 net earnings) x 2 = projected annual net earnings for 2014

The amount calculated divided by number of outstanding shares = earnings per share

The earnings per share is then multiplied by a P/E ratio (price/earnings per share).

The P/E ratio used is determined by many factors. You need to consider the industry, gross margin, Growth (startup or fully established), etc...

MYEC is worthy of a fairly high P/E ratio, because of the obvious potential and the fact that it has just started generating revenue.

I'm not using any numbers, but you should use the formulas to compare with other tickers and you will notice that MYEC is worth more than is being suggested here and is ready and primed for a bounce in PPS.

Do your own DD!

$MYEC