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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (16579)	6/15/1999 2:51:00 PM
From: Joe Copia	Respond to of 25711

sure. .09 is a neat entry, imo. Daytraders will most likely be dumping near close and it may drop to .08 or so but ..... Joe PTG&LI !!!

To: 2MAR$ who wrote (16579)	6/15/1999 3:03:00 PM
From: Joe Copia	Read Replies (2) \| Respond to of 25711

To: Yvan Coessens (8347 ) From: SIW Tuesday, Jun 15 1999 2:30PM ET Reply # of 8355 Dimestore analysis on VALH They say that the quarter's numbers are from only two months of operations since they acquired the lumber business, which accounted almost entirely for the massive growth. The two months activities from lumber brought in 8.9 Million contributing to the overall Q revenue of 9.1 Million, with net income of 463,121. If we add 1/3 to the lumber business' revenue to account for the "missing" month, we get 11.86 Million for VALH in a three month quarter (CEO said lumber sales are expected to be strong into the summer building season). Projecting this 11.86 Million in quarterly to = 47.44 Million in revenue for the year. Take the 47.44 Million and use the 5.1% net income (as was the case this quarter) and we get: $2.42 Million in net income for the year. Using this earnings number, and the outstanding shares of 92.31 Million, we get and EPS of: .026 This means that the company is currently trading at a P/E of 4. The industry trades at a PE of roughly 25... this is a 600(+)% difference. Take it for what it's worth.