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Gold/Mining/Energy : Jetform-FORM

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To: Hank who wrote (213)	3/5/1998 3:01:00 PM
From: 4finger	Read Replies (1) of 530

The news was very good, and I believe confirms that FORMF will attain their $200MM by 2000 goal. But the market cap stands at about $350MM CDN which is not particularly cheap. I think these good results mean that the stock can hold this level, but I'm not surprised to see no upside. Maybe folks are looking ahead and anticipating dilution from another issue (Kelly has been clear that this will happen it's just a matter of how much and when). I think this is the kind of "great company but not cheap dilema" that warrants 1/2 positions. The stock will look very good on bad day and I'd be prepared to load up. Anyone have any thoughts?

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