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Gold/Mining/Energy : CRL,100% growth, EPS of .04 6months .39 stock -- Ignore unavailable to you. Want to Upgrade?


To: M. Merriam who wrote (107)6/8/1999 10:38:00 AM
From: Ross Orr  Read Replies (1) | Respond to of 177
 
I think each unit costs about $2.5 to $3.0 million so you have to walk before you run. I know they were turning away business with the 2 units so the 3rd should immediately go to work. The big upside that I see is through licensing the technology to other oil companies. Make the equipment the standard in the industry and thus very diffivult to replace. The international side of the business is very large (what about Canada) and will fuel the growth. The company needs to build a better story with regards to the future. A company with this kind of growth potential should command a premium p/e multiple, not the 7.5X it trades at now. Something north of 20X would be the norm for this type of company.

Ross