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


To: Gulo who wrote (491)4/13/2005 6:27:41 PM
From: Ciao  Read Replies (1) | Respond to of 817
 
Gulo,

Don't fall in love with GKX.

Q1, Net profit margin was 7%
Q2, Net profit margin was 6%
Q3, Net profit margin was 7%

At $50M rev. with net margins at 7%, net earnings would be $3.5M, so EPS would be about $0.105.

Seems like the market has lost confidence in GKX with Q4 numbers. But if they can meet your forecast, then GKX looks undervalued here. Personally, I would wait for Q1 results before committing more funds. I'll keep my eye on it.

Good Luck,

Ciao