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

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To: speculatingvalue who wrote (198)2/15/2000 2:58:00 PM
From: Gulo  Read Replies (1) of 264
 
It looks like we're going to have to rename this thread "Churchill (CUQ), PE of 2! and getting better!".

Pre-tax earnings
1997 $4,724,000
1998 $5,200,000
1999 'significantly more than 1998'

Shares outstanding 10,581,774 less purchases under the current issuer bid (max 520,000). If significantly higher means 20% higher, we will have a PE of close to 2.

What is 'significant' in light of $200 million in revenue? We may be in for a pleasant surprise.

Of course, this refers to pre-tax earnings. Tax rates will increase this year.
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