Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Dynamix Corp (DYX was Dakota Resources, DAK) -- Ignore unavailable to you. Want to Upgrade?

To: Wats who wrote (428)	2/2/1998 10:24:00 AM
From: Glen Gordon	Respond to of 587

Last at .30. This stock hasn't seen .30 for a long time. Seems strange to be in the position of averaging up if I buy some... but it feels great. Glen

To: Wats who wrote (428)	2/2/1998 11:38:00 AM
From: Saverio	Respond to of 587

The February 1 issue of the "Buy Low Sell High" investment newsletter recommends Dakota as one of their six undervalued stock recommendations for the month. They report that management conservatively estimates that if both the Fastway and G.L. Fabrication acquisitions go through, Fiscal 1998 (ending Sept., 30, 1998) should see sales of $16.2M, earnings of $1.8M and EPS of $0.07. If only Fastway goes through, they estimate EPS of $0.04. Buy Low suggests a conservative factor of 12 which would give share prices of $0.84 and $0.48 respectively. The above estimates are obviously for less than a full fiscal year, and do not include any provision for the potential acquisition of 2 additional private companies currently being negociated. Cheers. Saverio

To: Wats who wrote (428)	2/2/1998 12:27:00 PM
From: Benjamin Ng	Read Replies (1) \| Respond to of 587

I just hope this run-up isn't due to "hype"; this company does deserve to see higher values than it has for a long time, but when a company's price shoots up as a result of Internet promotion, I've only seen it drop just as fast as it peaked. I think 0.95 in SCS is a bit optimistic, but I definitely wouldn't mind if DAK goes up on its merits and can hold it. I'm a lot more cautious with stocks now, but it's interesting that I initially got in on DAK about a year and half ago at ~0.55 because of SCS. I agree with SCS's last paragraph crediting Richard LeBlanc with what he's done with DAK though. Although I haven't been in contact with the company in some time, the times I did speak with Richard, he's always put all the cards on the table. Not to discredit Mr. Bateman, but historically, DAK often did not follow through on deals. Now we're seeing a lot of deals materialize which could wake up the bear. I'm sure we'll all be watching this one in the days to come. Bon chance, mes amis Ben