CMG Holdings Group Inc (CMGO)

[User-65225]

Lets do some simple math: $481,000 NET profits for the quarter X 4 quarters = $1,924,000 Forward NET profit pace

$3,416,246(current market cap) divided by $1,924,000 (forward net profit) = a current 1-2 Forward PE ratio.

Then add in the fact that the OS is shrinking via buybacks, which are being fuel by these numbers... along with the fact that they dont have any significant convertible debt + revenues and their cash position is increasing.

I dont see how this wont move higher than this valuation level. Even do-nothing crap tickers can maintain levels much higher than $3 million cap. This should move to at least a 10 forward PE (.04+), which is STILL relatively cheap compared to its peers.

The people that are selling are not paying attention to the dramatic fundamental shift that is taking place... and will regret it imo. Its simple math

“As you can see, CMG executed well during the three-month period ended June 30, 2019. Total revenues of $1.06MM were up 358% YoY from $232K in the prior year’s same period aided by strong execution and financial management. The Company generated a net profit of $481K up significantly from a loss of ($183K) in 2Q18. We remain debt free at the XA level leaving the business in a great position going forward. XA’s fundamentals are improving and the unit has a very clean capital structure, which are the best of both worlds.
https://www.otcmarkets.com/stock/CMGO/news/CMG-Holdings-Reports-Strong-Second-Quarter-Results-and-Provides-Update?id=237087