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Gold/Mining/Energy : Churchill (CUQ), PE of 3! -- Ignore unavailable to you. Want to Upgrade?

To: Gulo who wrote (170)	11/4/1999 8:34:00 PM
From: speculatingvalue	Respond to of 264

The industry is cyclic, but scan back through the news releases. They are sitting on enough work to maintain and grow revenues into the forseeable future. I think the low price has more to do with the ASE and low volume than the construction industry. There's only 22,000 shares available below $2.60 and a I expect a lot of the potential sellers were cleaned out today. The TSE is going to give the company the exposure it deserves. The listing is a real pleasant surprise as I didn't see it coming.

To: Gulo who wrote (170)	11/4/1999 9:12:00 PM
From: speculatingvalue	Read Replies (1) \| Respond to of 264

Why I'm bullish on CUQ: Current earnings were understated because of loan repayments and Y2K costs. The previous year had real estate earnings that understated the results. In other words, the earnings are up more than the financials showed. From their news releases, they have announced new contracts of $125 million. Sept. 28: $12 million Aug. 11: $113 million In June, they announced a backlog of work of $196 million. They have absolutely no debt. They only have 10,428,323 shares and announced plans to cancel 5% of them in January when they had 10,386,074. In other words, they can choose to use cash to maintain or increase the stock price until January of next year. That is excellent news considering the brand new listing. From the trading activity, I suspect a small public float and I wouldn't be surprised if there are shorts outstanding as it has been a dog for a while. I commend management on an excellent job.