25-06-2012, 05:40 PM
(25-06-2012, 05:21 PM)CityFarmer Wrote: Maxi-Cash close at $0.44 at volume of 61 Mils share, approx 13% more pricey than yesterday.
What is the historical valuation at this price? If I understand correctly, at IPO price it was priced at 25x historical earnings, with a promisd 60% payout ratio.
Comparing this to other pawnbrokers, how does it stack up? Higher valuations, more outlets, better prospects?
For me, the share price is usually a very expensive distraction away from the real crux of the issue - which is the business and how it is going to do moving forward.

My Value Investing Blog: http://sgmusicwhiz.blogspot.com/