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Gold/Mining/Energy : Tracer Petroleum (TCXXF)

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To: Dave K who wrote ()8/26/1999 4:37:00 PM
From: Moneylover  Read Replies (2) of 1261
 
After the consolidation and merger, Tracer/eZuz will have about 14 million
shares outstanding. Based upon a current price of US$1.50, which would
become US$6 after the consolidation, this gives Tracer/eZuz a market cap
of only $84 million. This is compared to Onsale (ONSL) at $315 million,
and Imall (IMAL) at $332 million. Therefore, Tracer/eZuz is trading at a
value of only about 1/4 of some of its smaller comparable companies. To
put it another way, Tracer/eZuz should be trading at a value of at least 4
times its current price, just to get to the same valuation as some of its
smaller competitors.
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