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Gold/Mining/Energy : Dorel Industries (DII.B , M or T) good earnings report -- Ignore unavailable to you. Want to Upgrade?

To: Jay Arkay who wrote (82)2/18/2000 9:01:00 AM
From: Jay Anderson  Read Replies (1) | Respond to of 96
 
What you say helps to explain the price action yesterday. The stock was up after the news release but down after the conference call.
The p/e ratio you mentioned earlier uses 1999 earnings. You should actually be using estimated 2000 earnings to calculate what the
p/e right now would be. Using your estimate of C$2.50 the p/e is about 10.5 rather than 13. This is the lowest it has been
for a couple of years and well below the average p/e between 1995 and 1999 which was 13. In the last two years the average has been 15. We need a 40% move to get back to norm.

Jay



To: Jay Arkay who wrote (82)2/19/2000 11:31:00 PM
From: Hassan Lakhani  Read Replies (1) | Respond to of 96
 
Thanks for the summary of the conference call, Jay. With Dorel bouncing around in the $24 to $28 range, I sometimes get tempted to just dump the stock, and pick up something that the market seems to respect. From the sounds of things, though, it is clear sailing ahead (at least on a fundamental basis). Hopefully the market will wake up and take notice!

Hassan


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