The Envirotech disposal well was estimated, in previous discussions on this thread,
to be able to earn around $1 to $1.50 per share. Recent discussions on the gas
field acquisition put earnings at about $0.15 from this part of CO&G.
I haven't received the financials yet, thanks to Saudi mail, and so I
have no idea about Adhatters or LPS earnings. Needless to say, both are
expected to rise significantly. The ERHC shares aren't too significant
at this stage, so I won't count them yet.
At a conservative PE of 15:1, and earnings over $1.50, we would have to be
looking at a price of at least $20 per share in the next 12 months, assuming
that everything goes well as planned with the 4 subsidaries. That's why
CSMA is my pick for the "Greatest Profit Competition", and why I put every
available spare cent of my meagre stock account into this company.
But nothing's assured except death and taxes...
Durro
P.S. My off the wall, unfounded and completely baseless speculative
choice for the "Pick the Stock" might have been GIFT. It's an all or nothing
gamble that rides on a successful courtcase over a patent. I wouldn't
recommend this one for the feint hearted, but if they win, this one
will skyrocket. However, I still stand by Coconino as the pick of the year. |
