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

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To: Andrew G. who wrote (129)10/30/1997 11:27:00 PM
From: trilobyte  Read Replies (1) of 768
 
Hi Andrew,

thanks.

win some (lose some!). BFX has been great to me but
in this ugly market, I can tell you I've held on to
big time loosers! Looked at AMAT go from 52 to 32
(fortunately sold 1/3 of my position at 40, and also
fortunately, my entry price was 12$, 18$ and 25$). I
haven't sold a BFX share since my entry at 1.05-1.25$
range.

back to the point. BFX really pulled out an impressive
quarter. There was a brutal shakeout a few days ago,
but I think the earnings reassured investors. After all,
we're at a p.e. of 19 based on 9 month earnings! We're
looking at a p.e. around 12, based on 3.45$, if they
pull out 10ct/share next quarter. Were will BFX take
us? it would be important to know how BFX will use
its cash horde. It's starting to become quite sizeable.
If anyone that is reading this calls the company, I would
be interested to know. As a I have posted before, I believe
BFX will see 6$ based on 40cts/share in the next 4 quarters.
I believe these are conservative numbers.

Good luck with your investments. Things have been really
tough lately (unless you're short the market!)

Trilobyte
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