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Gold/Mining/Energy : American Resources of Deleware (GASS)
GASS 7.860+0.5%Jan 9 3:59 PM EST

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To: lostmymoney who wrote (110)8/12/1997 12:13:00 AM
From: Ed Ajootian   of 172
 
Mike,

A great quarter. I get annualized cash flow of about $.90 which means
this turkey is still just selling for 3 X cash flow! With the recent
runup in gas prices these guys are looking pretty good right around now.
Too bad management doesn't just focus on growth by the drill bit rather
than trying to keep acquiring more stuff and stretching themselves
more thin.
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