WSII - Waste Systems International Message Board

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Microcap & Penny Stocks : WSII - Waste Systems International

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To: SANDPAPER who wrote (19)	5/21/1998 2:19:00 AM
From: MisterED	Read Replies (1) of 43

Just received a report on WSI from First Dunbar Securities in Boston saying that from $3.5 million revenue in 1997, the company should be able to grow to a $75 million revenue in 1998 and to $150 million in 1999. Cash flow, or EBITA, should increase accordingly to about 25% of revenue. Compared to the market cap/revenue of other similar small cap solid waste companies of approx. 3.5-5.5, the WSI market cap in a couple of years could reach $500 million. They go on to say that on a fully diluted basis there will be 11.1 mm shares outstanding, and with the above market cap we could see the stock at $40-50 by the end of 1999, and half of that by the end of this year. The report is four pages long and contains a lot of interesting material about the industry and WSI i particular. Among other things they mention many potential acquisitions which is now very realistic with their new $60 million financing. It is also encouraging that a firm like Prudential owns about 5% of WSI. For a copy of the report I suggest you call Dunbar at 617-227-1112.

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