Rainmaker (T:RNK) Announces Q1 Results - $0.09 EPS Message Board

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Gold/Mining/Energy : Rainmaker (T:RNK) Announces Q1 Results - $0.09 EPS

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To: Sultan who wrote (18)	3/17/1998 1:31:00 AM
From: BlueIce	Read Replies (1) of 73

> Praxis: Any idea what the float is on RNK. I know some outfit out of > Montreal own about 15%. Do you know any other numbers and any > idea if the co. intends to grow their business through acquisition etc. I don't know the public float, but I'm sure an e-mail or phone call to Rainmaker will get the answer. When I sent e-mail to them a few weeks ago, they responded to me very quickly. Investor's Digest calls for a $7.25 target price in the next year. I recall their estimated earnings per share for this year is $0.34 (they've earned $0.24 after 9 months) and $0.45 for next year. That's a trailing P/E of about 10.0. The average TSE P/E is getting close to 30.0. If Rainmaker traded at 30.0 right now, their share price would be over $9.00, or $14.00 based on a trailing P/E of 30.0. That's justifiable too based on their usual earnings increases of over 50%. Yes, definitely a Rodney Dangerfield stock on the TSE. By the way, why are there two Rainmaker threads in this forum?

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