Comments on: Neptune Marine Services Initial Analysis http://www.fusioninvesting.com/2009/07/neptune-marine-services-initial-analysis/ Fusing Fundamental and Technical Analysis with lashings of Behavioural Finance. Investing in Australia and North America. Thu, 02 Feb 2012 06:57:27 +0000 hourly 1 http://wordpress.org/?v=3.2 By: mike http://www.fusioninvesting.com/2009/07/neptune-marine-services-initial-analysis/comment-page-1/#comment-2320 mike Sun, 05 Dec 2010 23:37:59 +0000 http://www.fusioninvesting.com/?p=2301#comment-2320 Hi Dean, You sure got that stock wrong. I can tell you where you went wrong. Revenue and Profit charts will tell you nothing if you dont consider the cash flows. Cash flows for Neptune Marine were negative for every year it was listed, and it was made worse by the amount the company spent on capex & acquisitions. EV/EBIT, Price/Sales, PE and Price/Book also tell you nothing about the future prospects of a company or its value. Book value is a useless measure, unless you've analysed what makes up those assets. I'd suggest you read Roger Montgomery's book Value.Able, from <a href "www.blog.rogermontgomery.com", and have a look ay my blog site. I'll be writing a post on Neptune later today. Cheers Mike Hi Dean,

You sure got that stock wrong. I can tell you where you went wrong. Revenue and Profit charts will tell you nothing if you dont consider the cash flows. Cash flows for Neptune Marine were negative for every year it was listed, and it was made worse by the amount the company spent on capex & acquisitions.

EV/EBIT, Price/Sales, PE and Price/Book also tell you nothing about the future prospects of a company or its value. Book value is a useless measure, unless you’ve analysed what makes up those assets.

I’d suggest you read Roger Montgomery’s book Value.Able, from <a href "www.blog.rogermontgomery.com", and have a look ay my blog site. I’ll be writing a post on Neptune later today.

Cheers
Mike

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