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Gold/Mining/Energy : Dynamix Corp (DYX was Dakota Resources, DAK)

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To: Wats who wrote (428)2/2/1998 11:38:00 AM
From: Saverio   of 587
 
The February 1 issue of the "Buy Low Sell High" investment newsletter recommends Dakota as one of their six undervalued stock recommendations for the month. They report that management conservatively estimates that if both the Fastway and G.L. Fabrication acquisitions go through, Fiscal 1998 (ending Sept., 30, 1998) should see sales of $16.2M, earnings of $1.8M and EPS of $0.07. If only Fastway goes through, they estimate EPS of $0.04.
Buy Low suggests a conservative factor of 12 which would give share prices of $0.84 and $0.48 respectively.
The above estimates are obviously for less than a full fiscal year, and do not include any provision for the potential acquisition of 2 additional private companies currently being negociated.
Cheers.
Saverio
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