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Gold/Mining/Energy : ALE/TSE Sleemans -- Ignore unavailable to you. Want to Upgrade?

To: Ben Jaded who wrote (263)	3/4/2000 12:51:00 PM
From: garrason	Read Replies (1) \| Respond to of 272

Not being a CPA, I assume that intangibles are in fact large, but only reflect the premium paid by Sleeman in connection with several consolidative mergers in the past few years. If Sleeman overpaid for these companies, then the intangibles are much more important, but I would not be too concerned about the extent of the intangibles, and instead look to see how these purchased brands and equipment produce greater sales and earnings. Book value has never overly impressed me as a reason to buy or sell a stock, although it can certainly be a factor, particularly if a stock is selling well below book value. That is not the case here, and Sleeman's needs some blow out sales and earnings to demonstrate that it's business decisions were well thought out. This company is going to bust loose, sooner or later, but I obviously prefer sooner. Has anyone checked Zack's for future earnings estimates lately? The last that I have are 6 months old, and show CA$.53 for '99, and $.62 for '00, and these may well have been revised since then. The 1999 4th quarter, and full year results were released on St Patrick's Day last year (For you non-Irish, that is March 17- Erin Go Bragh), so in two weeks, we will have a better picture of ALE.