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Strategies & Market Trends : Water! Water! Everywhere and Not a Drop To Drink!

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To: Wade who wrote (273)11/20/1999 7:51:00 AM
From: big guy   of 336
 
<Azurix anticipates that the fourth quarter 1999 EBITDA from its existing
businesses will be in the $72 million to $77 million range and fully diluted
recurring earnings per share from existing businesses will be approximately
$.09 to $.11. These forecasts reflect the reinvestment of the company's
earnings into corporate development expenses required to create new
businesses; the fourth quarter estimate also reflects potentially higher
interest costs.>

If you simply multiply next quarters earnings by four you still come up with a PE in the high teens even at todays stock price.

How low do you think she will go Wade?
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