Replies to post #126504 on Medical Marijuana Inc (MJNA)

[Shell Man]

MJNA's PE looks better than Amazon's though.

http://finance.yahoo.com/q?s=AMZN

In fact I would say Amazon's PE was spectacularly in the red as I recall way back in 1999.

.......just saying never say never when it comes to investor speculation.

IMO this industry is on the verge of something like this.....when that will happen I of course do not know....but this industry WILL find its footing at some point and make money......lots of money which will in turn drive stock prices way up......and I hope soaring as it did with the .com boom.....and after consolidation of companies there should be about three to five left which form the backbone of the market.

[doone]

There are publicly traded companies with zero revenue (so no P/E), with market caps over 100m, trading over $2 per share.
So it is possible.

$1.40? Really? With 936M shares outstanding?

At $1.40, and with 936M OS, MJNA would have a market cap of $1.3B, for a company with less than $2M in operating income in 2012 and likely less than $3M in OI in 2013.

A $1.40 share price would be a PE ratio of over 450, and that is completely unrealistic.