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Gold/Mining/Energy : Direct Focus Inc. (DFXI)

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To: Andrew G. who wrote (92)9/15/1997 8:06:00 PM
From: diddlysquatz   of 768
 
Andrew,
I know the volume was rather low but that was all that was offered for sale except for the 8600 shares at $2.00.
Sprott Securities has been buying stock for several weeks now, since around the $1.40 level, and were in buying more today. The company is on pace for record revenue and earnings for the quarter. Possibility of $0.25 per share earnings for the last twelve months. With a trailing 12 month PE ratio of only 11 and over 100% growth in earnings it beats the heck outta most other stocks out there. All we need to see now is some institutional support which is what Sprott may be providing.

Cheers,

Paul
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