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Microcap & Penny Stocks : DRGI (Diversified Resources Group)
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To: Joseph Waligore who wrote (380)7/29/1999 7:09:00 PM
From: Eric Fader  Read Replies (2) of 818
 
Joseph - If I recall the release correctly, the 17 cents was based upon a weighted average of roughly 31 million shares out, which is entirely legitimate from an accounting standpoint. If the current outstanding is double that, however, the EPS (if legitimate) should be divided in half in determining a run rate. I don't believe, however, that much (if any) of the EPS was derived from continuing operations. If it was more than a penny or two, the stock may very well be undervalued at these levels, but I'll believe it when I see it. Good luck - Eric
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