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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (39023)	7/15/2001 9:24:46 PM
From: Oak Tree	Respond to of 65232

What is your take on DCH (sometimes called DCHT). THe like ENER have lots of patents and they are a pure play. Stock is like a roller coaster.

To: Jim Willie CB who wrote (39023)	7/15/2001 9:37:32 PM
From: Oak Tree	Read Replies (1) \| Respond to of 65232

I did a quick look at ENER. Looks very risky. As I figure they lost 67 cents a share on 19M shares (about 13M dollars). Last year their total sales were about 39M and this year they will be something like 60M. That means the stock will be at most +8M or +50 cents a share. More likely +25 cents a share. That can't support a stock price of 27 dollars. A more reasonable P/E would be say 20 to 40. Using the 50 cent number, that supports a stock price of no higher than $20 and more likely $5 to $10. I think ENER it is still overpriced. In fact it may deserve a short.