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Gold/Mining/Energy : PATHEON INC. (PTI - TORONTO)

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To: Nykol who wrote (54)10/10/1997 11:06:00 PM
From: John Korven   of 147
 
Nykol

Just got back to reading the PTI posts. My broker from RBC sent me the patheon recommendation-I have been long since Feb. Targets prices of one year and three year are 3.20 and 5.25 respectively.

I will just quote you a paragraph:

"We believe Patheon offers a compelling valuation. Based on 20X
our forecast 1999 EPS estimates(a ten multiple point discount to CROs which trade at roughly 30X forecast 1998 EPS estimates), we arrive at a one year target price of $3.20. Our three-year target of $5.25 is based on 20X our 2001 estimated earnings per share."

Good Luck to All!!

John
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