ALERT: ZSUN. I believe a large short position is about to unwind...
in conjunction with long awaited earnings news for 1998 on Monday and possible announcement of application to list on NASDAQ. Although ZSUN's projections call for 11 cents EPS, I have collated information in previous releases that point to 12.75 cents or a 16% increase.
In addition, ZSUN expects to earn 34 cents in 1999, although my own projections are nearer to 50 cents, due to the recent acquisition of a leading Seminar Company with net earnings for 1999 QI of some $875,000.
A recent comparison with PCNTF (closed at $83.75), which also operates in Asia and expects earnings of 24 cents for 1999, indicates a PE of 300 for this type of stock. Therefore, I am expecting that ZSUN could reasonably be worth in the vicinity of $100.00 within 18 to 24 months, if not sooner.
Please, note that I am long on ZSUN and have added 500 shares to my position last Friday. Short covering could send the share price to $25.00 or more. Don't believe a word of what I just said, for I am seriously biased and do your own Due Diligence.
Regards, F. Goelo + + +
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