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Gold/Mining/Energy : UNDERVALUED CANADIAN COMPANIES

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To: Ciao who wrote (188)4/6/1998 11:27:00 AM
From: Praxis  Read Replies (1) of 248
 
I'd like to put forward RNK on the TSE as a very undervalued company. They just wrote off a massive technology upgrade which cause the shares to take a hit, now trading around $3.80-3.90. Rainmaker is a digital post-production company that is basically unique in North America for their service mix. There is a thread on SI, consistent rev and EPS growth above 20%, No debt, strong balance sheet.
They also do the post-pro work for shows like X-Files, Millenium, Outer Limits etc. and have become a growing presence with their opening in California. They're based out of Vancouver, have got expenses well in hand, great mgmt. team. They also do processing etc. through their gastown subsidiary. This stock was undervalued at $4.55 before they took the upgrade hit, they're trading below book value and relative to their peers should be trading at well above $6.
Also, they have an excellent website for those interested.
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