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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)

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To: Michael Brandon who wrote (4642)4/28/2000 6:35:00 PM
From: CF Rebel   of 5053
 
Michael,

Thanks for your estimates, conservative as they should be. While I haven't generated any estimates myself, even a P/E of 30 at half of your low-end estimate is over $15 CDN. Because it doesn't take a quantum physicist to figure out what is going on with the ITE business model, it is amazing that the stock sells where it is. While I expect the stock price to someday make Condor's "10X in 3-7 years" estimate look bleak (thanks for the AGM notes, Condor), I think that we're in for a sleepy stretch this summer. This company is such a no-brainer that I was unwilling to sell any of my holding at 3-4 times today's price. Looking to accumulate more with any cash I can raise. This is silly and another great opportunity for those who missed the boat before.

CF Rebel
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