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Gold/Mining/Energy : Wenzel Downhole Tools Ltd (WZL) - was Master Downhole
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To: Murray Nightingale who wrote (47)4/19/1999 1:15:00 PM
From: fivedollar  Read Replies (1) of 104
 
Murray,

Did Barber tell you when the year end results will be published? The end of June seems to be timely. The estimate of $.20/share should be very accurate and at 10 times earnings on a low end basis takes this thing to $2.00. Two years ago 15-25 times earnings was not uncommon. I know of other service sector companies that are barely staying alive and yet are trading at higher PE multiples. You are bang on when you said that WZL is undervalued.
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