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

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To: speculatingvalue who wrote (211)3/1/2000 7:59:00 PM
From: Gulo  Read Replies (2) of 264
 
Three observations:
1) If the company intends to use shares for acquisitions, they will want the share price up.
2) I spoke with CUQ to clarify the "pre-tax" earnings question. New accounting rules took effect this year. Earnings from last year will not be directly comparable to earnings this year because of the way deferred taxes are booked. Look for 1998 earnings to be re-stated to make them comparable. The short story is that net earnings this year may not be higher than net earnings as reported last year.
3) CUQ is not going internet. They will try to expand into less cyclical aspects of the construction industry, such as mechanical, maintenance, etc.

-g
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