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Gold/Mining/Energy : Buckey's Bottom Bounce Short Term Picks (CDN ONLY) -- Ignore unavailable to you. Want to Upgrade?

To: The Osprey who wrote (1541)	1/17/2000 12:52:00 PM
From: Buckey	Read Replies (1) \| Respond to of 5887

CDN brokers are way behind on Service. DNB looking better - finally - - This one is a sly one -

To: The Osprey who wrote (1541)	1/17/2000 2:21:00 PM
From: Mr Metals	Read Replies (1) \| Respond to of 5887

GOEPEL MCDERMID ? Morning Focus Jan 17,2000 CALL-NET (CN.B-T, $6.20) ? BUY ROBERT HASTINGS, CFA (604) 659-8208 Rumoured Takeover Bid Heats Up Stock The non-voting shares of Call-Net were up $1.30 on Friday on 3.4 mln shares trading volume due to rumours that a takeover bid was imminent. It was quite interesting to see the near panic buying for the stock without any rumour on price and the liquid non-voting shares closing $0.05 above the voting shares. This may suggest investors had not been discounting a sale of the company, despite the company?s clear intentions to pursue that route. While we doubt a bid is forthcoming within the next few weeks, we do believe a bid will eventually materialize at well over the current share price. In fact, the company has said that it is still actively engaged in discussions with a number of parties for all or part of the company. The normal process for this type of sale takes time. The interested parties have to spend time to go through the data rooms, put together a bid and to arrange financing. Then, Call-Net will have to assess the best bid, if there is more than one, and then have further discussions with the potential winner. Finally, all the legal work then has to be done. If the company is still in discussions with a ?number of parties?, it is still in the early stages of the process. We understand that the fourth quarter revenues were around expected levels, i.e., flat to modest increase. While residential long distance revenues will be down, we expect revenues from all other sources to be up (business, data, Internet and local). Year-end results will be released on February 16. We anticipate that the reported loss will be around $4.25 and $4.50 per share for 1999 and 2000, respectively, due to start-up losses in the local operation and continuing weakness in residential long distance. Local customer additions slowed over December due to the Christmas season, but picked up again in January. The current rate of additions is 500 per day. Shares Market Stock 12-Month Target O/S Cap. Ind. Div. Price Target Return (mln) (mln) 12/98A 12/99E 12/00E 12/99E 12/00E Div. Yield $6.20 $10.00 61% 90.4 $560 ($1.60) ($4.25) ($4.50) n.m. n.m. $0.00 0.0% All figures in C$ unless otherwise indicated. Earnings Per Share P/E Ratios -------------------------------------------------------------------------------- Posted as a reply to: Msg 1 by YahooFinance