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Gold/Mining/Energy : Westrend Natural Gas - I.D.E. Hot Stock -- Ignore unavailable to you. Want to Upgrade?

To: Gene Veinotte who wrote (1143)	1/22/1998 11:20:00 PM
From: Ed Pakstas	Read Replies (2) \| Respond to of 2011

All I'm saying is that relative to todays action on the TSE and DJ, it held up pretty good...A couple of more trading days in this range may show a level of consolidation...The NR they put out means nothing, unless they get some of those contracts...I can't remember which NR it was, but they said that it would be Q3 (I think) before they start to show some profit... Your looking at a market cap of roughly 12.8 million (undilluted) for a company that has gross sales of roughly 5.2 million and doesn't have any profits yet... What's the normal multiple that this type of company should be trading at?... I own stock in a company that is going to do roughly 2 mill in sales this year and is averaging roughly 10% profit and the friggin' thing is .09 with a market cap of 1.35 million...So you tell me... A company can make hundreds of millions and be worth diddly squat if it doesn't turn a profit... In anycase it's looking pretty good...Shoulda picked some up below .50, but if it consolidates at this price, I still may jump aboard... ...ed