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Gold/Mining/Energy : Churchill (CUQ), PE of 3!

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To: speculatingvalue who wrote (184)1/24/2000 6:13:00 PM
From: Far Side  Read Replies (1) of 264
 
I emailed the company today and received a "unsuccessful delivery"
message from their server. Then I phoned the company and left a message on their voicemail and explained to them what had happened.

The CFO phoned me back and apologized for the confusion.

After a brief conversation, I explained to them that it was hard to find anything that this company was doing wrong. It seemed to me that they having been doing everything 'right" in the past 5 years.

Sales were growing in double digits,
Earnings were also keeping pace at the same healthy rate,
Cash flow was very healthy,
No bad surprises just a continuous stream of good news.

and the company was buying back shares which as we know will only improve the long term bottom line and earnings per share.

and best of all its still trading under 1.50

So earnings will come in at .25 to .28 cents a shares (if Revenue Canada does get too greedy) which equates at a very conservative multiple (let's say 10X) to be a 2.50 trading price.

In reality, it should be trading at way over 3.00 bucks.

So what gives ?

This is a true bargain on a gem of a company.

Sorry, but I can't resist buying more shares.

Should be called Churchill.com
Experts in eBusiness and eConstruction !

and Experts in making shareholders happy .

Quietly patient and adding more and more to my RRSP,

Jim
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