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Gold/Mining/Energy : ZENON Environmental

ZEN 77.48

0.0%

Nov 21 4:00 PM EST

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To: Bannick who wrote (17)	3/20/1999 8:53:00 AM
From: Gofer	Read Replies (1) of 71

I'm just starting my D/D on this one but I suspect it'll be on my watch list for a while. Canadian Shareowner magazine featured Zenon and Trojan in their March/April edition. The 5 year average P/E for ZEN is 46.7! with a 7 year average revenue growth of only 15% although more recently its been 30%. The investors in this company certainly are price tolerant. If it earns a $1/share this year then the current projected P/E is 39 which is in the historical range. Do you know what the float is? Regards, Gofer

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