On4 Communications Inc (ONCI)

[QTRADERQ]

DDCooper, respectfully you are wrong. There are many companies with trailing PE's of 200 or greater. Here's one with a trailing PE of 1,488. The company is Appfolio (APP*F)

This Yahoo Finance link (in the bottom right corner) shows their trailing PE ratio of 1,488.
https://finance.yahoo.com/quote/APPF?p=APPF

That means it is trading at 200 times earnings... Show me a stock that does this in the real world.

Ever hear of APP*F? They are a technology software company in a growth niche (just like ONCI). Click on their 5 year chart below or look at the bottom of my post for their BEAUTIFUL chart.
https://finance.yahoo.com/quote/APPF?p=APPF

Since March 2016, APP*F has risen from $11 to $46. All the while, their PE ratio was sky high. Much higher than ONCI current PE of 200.

So ONCI is not as over valued as you indicated. Maybe when it has a 1,488 PE (and trades at .15) it will be overvalued, but certainly not today.

Lastly, like 'profitstocksny' told you (and I'm sure you know this already. You seem like a smart person) ... Trailing earnings are irrelevant. The stock market is forward looking by ~6 month and speculation of what forward earnings will be is how growth stocks are valued. That's a fact!

There are many more stocks just like APP*F with high PE's. Just use a stock screener, they are easy to find. This senile CPA in FL needs to call it a night. 2:30am