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Gold/Mining/Energy : PYNG Technologies

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To: Phantom who wrote (499)	2/13/1998 9:45:00 PM
From: Pierre J. LeBel	Read Replies (1) of 8117

I see $ 10.00 within 2 or 3 years based on projections supplied by the company. They are forecasting sales of 232,975 units on the third year of operation with gross revenue of $ 15 million and earnings of $ 1.15 per share. Let us assume that these projections are too optimistic and cut the projected profit by half to $ 0.57 per share. With such growth, you can expect the market to value the company with a p/e ratio of at least 20, giving us a price target of more than $ 10.00, assuming only half the projected profits! Does that make sense? Now... what if they meet or exceed their target? Good Luck and have a very nice day. Pierre

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