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Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy) -- Ignore unavailable to you. Want to Upgrade?

To: Edward W. Richmond who wrote (774)	6/11/1999 10:33:00 PM
From: mike wood	Respond to of 1208

I think you will be very pleased to know that mngmt. has changed hands somewhat,at least it has split between countrys'.

To: Edward W. Richmond who wrote (774)	6/14/1999 1:42:00 PM
From: Far Side	Read Replies (1) \| Respond to of 1208

Spoke to Cameron again this morning. To extend forward the probable financials for this firm, the quarterly estimate is $.02 making the yearly profit a conservative $.08. The budget going forward is for increased sales of 30% for this year. Giving a running profit of $.03 per quarter for last year and no major disruptions (moves, etc) this would mean a quarterly profit of about $.04 or $.16 for the year. This gives us a conservative PE of 3 at current prices and we are almost half way through the year. Now, if buyers don't think a PE of 3 for a firm growing at a 30% rate, is a worthwhile investment, I guess we are not going to get a stock price increase. However, someone just bought over 30,000 this morning so maybe that person does see some value here. cheers