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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?


To: keith massey who wrote (28177)2/25/2000 2:18:00 PM
From: Daytek77  Respond to of 36688
 
Keith Last point here as it is a momo thread. Most stocks that have a p/e or positive book value trade at a multiple of that value X. Well PAC trades at .73 times book which is ridiculously cheap by any standard. To me it looks like they have turned the corner and finally todays release shows sales up 15%, profits tripled, they have restructured and reorganized their commercial printing and pre-press operations, operating income increased 27.8% and finally they are buying up to 1.2 million of their shares back.

Cheers



To: keith massey who wrote (28177)2/25/2000 2:28:00 PM
From: WhatsUpWithThat  Read Replies (1) | Respond to of 36688
 
Noticed also $15million of that $81million in assets is receivables on $60million in sales, which means an AR turnover of 4 times, avg outstanding of 90 days. Haven't looked at the industry, but that seems a long time for a printing business, which is not high margin, if I'm not mistaken (GM 25%, NI in the most recent quarter about 1 1/2%).

OTOH, Cannacord has sure been buying hard in the past few days...

WUWT