Futuris Company (FTRS)

[koonohiokala]

PB Ratios and penny stocks/sub penny stocks can be deceiving IMO because the profit margins are so much greater than stocks that trade above a dollar per share AND most penny's are unprofitable startups. Normally I just stick to the book value of the shares in order to determine whether or not the stock price of a given company is under valued or over valued. However, if the company is not making any money or facing some other hardship, I discount the book value of shares by 50-75% (give or take a few).

So, the book value of MISM in my opinion is roughly around .20 to .47 per share.