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Gold/Mining/Energy : Canadian Microcaps -- Ignore unavailable to you. Want to Upgrade?


To: Joseph Waligore who wrote (251)12/11/2003 6:34:33 AM
From: Ed Ajootian  Read Replies (1) | Respond to of 817
 
Joseph, SVI-T -- Thanks for your comments, I have a large position in this stock and am wondering what I may be missing.

Here is an informative 12-page analyst report by Jennings, currentcapital.com . There was also an update to this that was put out in August, you can pull that off of the currentcapital.com site if interested. As you can see Jennings had a "Buy" on the stock when it was priced at higher than its present quote, with a $2.35 price target.

I believe the company will easily earn $.20/share in its next fiscal year (ending Sept. '04), which would put its forward p/e at a paltry 7. They did a nickel a share last quarter, on fewer shares out, so this is anticipating only relatively modest growth.

The guys at Current Capital, their PR firm, are very knowledgeable about the company and are not just hype artists. If you call them ask for John Robinson and tell him I sent you.