I took a looksie at the financials for both AMRE and NAUC.
The market valuation of both and NAUC in particular is incredible based on its financials. NAUC currently has a $170 Million market cap based on 50 mil shares outstanding. In the first quarter ending 3/05 it had total assets of $42,000 and total liabilities of $130,000. Sales totalled $2,600 with a net loss of $68,000.
And no, the balance sheet and income statement items are not in "000s", they are in actual dollars. Btw, both companies have the same CEO.
Thanks msgi, but I think I'll probably pass on this one.
