FutureLink Distribution Corp. (NASD-OTCBB: "FLNK") Message Board

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Microcap & Penny Stocks : FutureLink Distribution Corp. (NASD-OTCBB: "FLNK")

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To: SteelerStu who wrote (410)	5/3/1999 8:20:00 PM
From: jimmy	Read Replies (1) of 841

from Bridge website on FLNK, " Valuation: We have provided a variety of different valuation methodologies, including discounted cash flow, terminal P/E multiples, and terminal operating income multiples. Regardless of the valuation methodology, FLNK's share price appears to be significantly undervalue at its current level. We believe current fair value to be in excess of $3.00 per share, or roughly 4 times its current level (based on an estimated fully-diluted share base of 100 million shares outstanding). However, there are negative technical considerations to be considered, not the least of which is the fact that FLNK trades OTC in the US with a stock price below $1, it is relatively illiquid, and its shareholder base is predominately retail. We believe the management is taking steps to address these issues, including getting board approval to affect a reverse stock split. Based upon our earnings model, and approaching corporate milestones, we believe an appropriate 6- to 12-month price target of $3 is achievable. " More like 2 to 3 day target, TJ

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