James River Coal Co. Message Board
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Price to book = .49????
just fifty cents for every dollar of book value.
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And EPS estimates for the next two years call for losses of $6 per share. That puts a dent in the book value.
- 1 Reply to clevelandbubba65
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Are those your EPS estimates or the so-called experts?
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I noticed that Yahoo has listed a BV of about 11 bucks, reduced from 14 the last time I looked. Not sure how accurate their reporting is. ??? In any event, it looks like JRCC is staying at about half book. Before, it was waffling in the high 6 low 7 when the BV was around 14. Looks like the P/B is staying about constant.
- 1 Reply to frey_guy17
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Hi Frey.. S&P listed tangible BV at 10.67 after the March 1 release of '11 full year annual report.. You are right about the 1/2 BV being basement area... I have used that entry point to trade,,, Just dipped my toes in water today (2k shares).. Will probably retest 5.01.. Other trend I noticed is late week rallies.. Shorts like to cover each Friday it appears..
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Not an unusual ratio for a company that's bleeding with a bleak outlook.
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