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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (4550)	2/13/2004 9:35:52 AM
From: Cary C	Respond to of 23958

>What's the target on CGFW?< I think short term next couple of months CGFW is pretty much cooked. I believe there will be a buying opportunity in the low $10's where it gapped from $10.18 to $10.50. Long term I was looking for $15+ but I think with the recent developments and possibilities $20 is obtainable.

To: Sergio H who wrote (4550)	2/13/2004 10:25:39 AM
From: Cary C	Read Replies (2) \| Respond to of 23958

My thoughts on Bel. >>Our core soil treatment business continues to experience rapid growth which is reflected in both the quarter and the full year financial results being much higher than the corresponding period in the prior year despite the 20% increase in the value of the Canadian dollar.<< While they have missed on the 4'th quarter number they were at .83 for the year which was .01 higher than the high estimate. At $19 that gives them a trailing pe of 22.89. Next years estimates, a low of 1.20 and a high of 1.65 at the same valuation would give you a stock price $27.50 to 37.62. I think it is fair to assume that some of the forward pe has been figured into the stock price so taking a pe of 18 at next years end which I think would be more than fair based on the companies prospects for continue expansion, you would have a price between $21.60 and $29.70. Picking the entry point to buy more shares might be the tricky part.