For the past several years I have not been able to understand the attraction of FSWA -- other than it being a penny stock. Dont get me wrong, I have "played" the stock in the past and I think year back snagged some at ~.028 and still have shares with a cost basis of .05 cents, but the last time I looked FSWA was fully valued (at that time it was .08) and another look this am tells me not much has changed.
Their book value is ~ .043
Their PE is ~ 64 (using the longer # above)
Their EPS is ~.001 (or, if you're a banker and want REALLY accurate numbers = 0.001090563264767 ---- but hey, who here is a banker or really knows much about money or stocks?)
As of their last report their YOY income shows a growth rate of about .025% --- which is on par with the current yield on the 10 year US Treasury Bond.
If the stock price was to rise in step with their growth at current rates you would be looking at the stock going from .07 cents to ~.071 cents.
If there's something I'm not seeing, feel free to show me, but I KNOW there are a lot better opportunities out there in the banking sector.
