Compare CPNE with any other venture of its kind priced similarly. The results if any are less than impressive.
Monday's earnings report of 7 cents per share annualized brings us to 28 cents. Now, by multiplying the annualized earnings by the industry average P/E ratio of 26.2, we arrive at a share price of $7.33, well above Fridays closing price of $1.62 (452% above to be exact) and a far cry from where it trades today.
I am puzzled here, are audited financials what people are looking for before diving head first, or is something else in the works here? I remain a firm believer and am viewing today as a potentially unique opp.
