- P/E = 4.9
- P/BV = 0.52
- P/S = 0.07
- P/E cont ops = 4.3
For the back story see my old posts:
All you need to know about Moro are the stats. Look at the balance sheet and income statement and it's cheap. The CEO is about 80 now has to do something someday. The company is a collection of construction related businesses that could be sold off one piece at a time or all together. MRCR is dark and will send reports if you ask. A year ago the CEO told me he'd be filing reports publicly again "soon" and I'm still waiting.
So you know the earnings are not a fluke here are some highlights from the past 5 years. As far as continued operations go, the company started classifying the Rado (HVAC) operations as discontinued starting in Dec 2013.
BV per share avg over the past 5 years is $7.7M = $1.21 per share. EPS avg from continued operations over the past 5 years is $0.07. If 2014 was an anomaly then avg cont ops EPS would be more like $0.10.
We have a construction business in the dark so they will never fetch a big multiple. The CEO hasn't taken a salary in years so earnings should be a bit lower. I don't know what other cost saving measures they have in place.
I think it's worth more than $0.61.
disclosure: long MRCR