Madera International - Symbol WOOD Message Board

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Microcap & Penny Stocks : Madera International - Symbol WOOD

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To: Sequoia Holdings who wrote (1281)	2/22/1999 8:51:00 PM
From: David T. Groves	Read Replies (2) of 1979

Here are two posts that that are relative to this subject of land and land price. I really didn't include the Peruvian land into my figures because it isn't really on the books as being owned yet. So add another $10 million to book value. If you haven't paid attention to John T. Hardee's posts, I would suggest that you go back and look at them. He has a great feel for this company. www3.techstocks.com Message 7655786 And last, but not least is my opinion on earnings, as they will grow in the next two years. this came about because a member of this thread doesn't believe the share price will raise from $.13 if the company has $.74 in cash. He thinks only earnings moves a stock. www3.techstocks.com Note that I use $.02 for my figures for this year. The next two quarters will tell. What ever they report this third quarter, they should be able to meet or beat in the fourth, which is their historically best quarter. Perhaps my figures will double, or triple!!

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