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Gold/Mining/Energy : TECSYN (Toronto-TSN)
TSN 58.03-1.0%10:21 AM EST

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To: Bill Rinker who wrote (22)10/21/1997 3:22:00 PM
From: Andre Koluksuz  Read Replies (1) of 78
 
TSN had already announced a 10c/share profit in the first 9 months, and their year end will come out around first week of November. They have moved their Orillia production down to Mexico, and if anything their cost should come down and hence the profits up. Even if they come with 5c/share in the last quarter (this is a pessimistic estimate considering that they made 7c/share in their last quarter), this stock is still grossly undervalued. By a conservative P/E ratio of 15 ( not taking into account their future earnings whick could explode with the taking off their high margin PMP business), 15c/share should easily put the stock at around 2.25, shouldn't it.
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