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

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To: BlueIce who wrote (59)12/12/1998 7:33:00 PM
From: Praxis   of 73
 
I have been in Apex before, but its not a high growth stock, its a small cap real estate stock that is affected by everything from interest rates, price of oil(since its land position rests primarily in Alberta, thus follows its economics), land values and economic outlooks. Yes, I think its back in the desirable level again but remember the float is quite small, its pretty illiquid and real estate is out of favor. Companies like RNK are only trading at your P/E of 20+ now because of the reorg and charge based on projected EPS, it would have a P/E of about 2, that is a true bargain and it operates in a much more high growth area than real estate.
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