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Message: Edig p/e ratio 6 & growth from last round, makes current price way undervalued.

Edig p/e ratio 6 & growth from last round, makes current price way undervalued.

posted on Mar 22, 2010 11:11AM

Saw this with many stocks that stay out of favor for sometime, trading below its industry p/e ratio. When RP has all the elements in place that he has talked about soon to come, then that is when my GUT feeling is telling me that Edig will be attracting New investors and possibly micro fund mgrs. Currently with a p/e of 6 for Edig, puts a book value of .34 share price. By the way p/e of 6 in Edig industry is very conservative, and not factoring the future growth at hand with the current 19 still in current lawsuit, and what ever new business is being worked on. Pretty easy to see what Falk and RP are doing, because when the right elements are in place this is what will allow the share price to hold at the higher levels, rather than drifting back down to traders alley. The pieces of the puzzle are starting to show the picture, just need that missing piece or two to complete. Just my opinion.

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