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Gold/Mining/Energy : Global Election Systems, GSM.TSE ,explosive growth, low PE
GSM 5.450+2.1%Feb 11 3:59 PM EST

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To: DeplorableIrredeemableRedneck who wrote (264)9/30/1998 9:09:00 AM
From: MatthewZ  Read Replies (1) of 333
 
Darren,
Wake up man! Ok, so the financial post has a PE of 9.4 but this is an obvious mistake. They have taken the price of 2.26 CDN divided by .24 US and got 9.4.

It should be 2.26/(.24x1.51) = PE of 6.23 *BASIC*
OR 2.26/(.22x1.51) = PE of 6.8 *FULLY DILLUTED*
(including 1 time charge)

I will post my analysis on this quarter's numbers and how they compare to the previous quarter later on this week on SI.

Using valuation tools including PEG (PE/growth) GSM is very cheap although the historical growth is difficult to determine because of GSM's fairly short history.

Later, MatthewZ.
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