A pretty balanced article in today's Financial Post by Jill Vardy. Just a couple of small things. First of all Jill ,states that << Corel's market cap is around two times it's annual earnings >> . Jill if you are listening (and I'm sure you are ) ; you are wrong . I think you mean , 2X annual sales - there is a big difference . Also , based on a conservative sales estimate of $350 Canadian for next year , the current stock price is 1.25 X , ( maybe it is 2X based on last years numbers , but most people looking at the price to sales ratio are projecting ). Secondly ,IMHO Netwinder deserved more attention- if you didn't dwell on it , because you consider it unimportant , I think you are very wrong.
Thanks , Phil. |
