Carbite Golf Inc. Vancouver-CAB Message Board

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Gold/Mining/Energy : Carbite Golf Inc. Vancouver-CAB

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To: Codfish who wrote (11)	6/20/1996 8:04:00 PM
From: Tara Cobble	of 209

Bill, I will take a stab at the PE. Let's say revenue growth from last year is 233%, and I don't know what earnings were last year but I will guess a loss -----? Now let's say that earnings are a profit of 10 to 15 cents this year then I would guess that the PE could be anywhere between 30 and 50 in a good market (better in a hungry market). Now lets say that the market is dogging at the time then it may be at a PE around 15 to 30. I am not basing this on anything spectacular other than years of experience and my gut hunch. You may want to look at what kind of PE other golf stocks are trading at to get a feel for the PE. That's my guess. It seems that if in fact Carbite ends up with a profit as is estimated that this stock is a very safe bet at the current price (around 1.46 canadian) even if it takes a year or so for the PE to catch on and for people to start buying. Bill, by the way I have not bought yet, have all money in XVN and other stocks, and now with the market dropping I will be holding for awhile. I hope I don't miss Carbite while I wait. Good Luck Tara

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