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Gold/Mining/Energy : Canadian Microcaps
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To: Gulo who wrote (228)11/13/2003 12:45:14 AM
From: diddlysquatz  Read Replies (1) of 817
 
I imagine the stock may have dropped because the revenues did not grow much from the same quarter the previous year. I have talked to management and they have stated that the numbers would have been larger for the quarter but the supply of certain products were delayed and pushed into the fourth quarter. I expect we will see a continuation of growth in the last quarter. The stock is currently trading at only 5.9 times trailing 12 months earnings. They are also benefitting from the weak US dollar as all their products are imported using US dollars.
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