The stock has gone straight up for three years.
If SKAS was valued at a comparable P/E to MIC, SKAS shares would have to reach $3.38 or +3,655% HIGHER from the last closing price of $0.09!
While MIC trades at a market cap of $2.76 billion,
SKAS is trading at just under $3 million! Lets also not forget that
SKAS has
reported assets of $8.355 million nearly
three times normal then it's current market cap alone!
SKAS Reports Record Revenue & Profits
On April 1, 2013, SKAS reported full year 2012 revenues of $16.928 million.
The primary drivers of the increase were revenue associated with the sale of fuel and related items, which increased by 8.8 percent to approximately $9,000,000. Revenue associated with services and supply items increased by 1.1 percent to approximately $7,700,000 and revenue from all other sources increased by 11.1 percent to approximately $244,000.
Net income for the year ended December 31, 2012 was $549,511, an increase of 35.9 percent as compared to net income of $404,496 in the same period in 2011.
SKAS also reported Adjusted EBITDA of $1,664,176 for the year ended December 31, 2012, an improvement of $116,241 or 7.5 percent as compared to Adjusted EBITDA of $1,547,935 in the year ended December 31, 2011.
With just 33,040,422 shares outstanding as of March 25, 2013, SKAS currently has an earnings per share (EPS) of $0.0166 factoring in reported net income of $549,511.
Currently trading at just $0.09, SKAS is trading at a current P/E of just 5.41 with a market cap of only $2.97 million!
As you can see with SKAS currently trading at just $0.09 SKAS is SIGNIFICANTLY UNDERVALUED!
SKAS has a 52 week high of $0.11 & with shares currently at just $0.09 we could see a major momentum break out to new highs tomorrow morning!
We believe SKAS is tremendously undervalued & with investors finally realizing the potential upside ahead don't be surprised to see SKAS top tomorrow's biggest percentage gainers on all of Wall Street.
Happy Trading,
Your TerrificPennyStocks.com Editor
