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Gold/Mining/Energy : Royal Group Technologies, Ltd. (RYG) -- Ignore unavailable to you. Want to Upgrade?

To: AL PELLICCIO who wrote (125)	2/15/1998 11:26:00 AM
From: Julio P. Antelo	Read Replies (2) \| Respond to of 199

Al, thanks for the post. Been out of town on business all week and didn't know earnings for 1st qtr. had come out. Looks like the company came in with US$.17/shr, which according to Morningstar is at the low end of the expected earnings. There are 3 analyst following the stock and one guy was predicting .24/shr (another guy nailed it with a .17/shr estimate). What was this guy thinking? .24/shr seems awfully high to me. The 1st and 2nd qtrs. are traditionally slow ones for the company as most of their business is done in North America and the winter months are slow. Zacks is looking for $1.19 this year, which means we'll have to make $1.02 over the next 3 qtrs. That's ambitious, but with the additional housing system plants in full swing and the new storage sheds hitting the home repair centers and the do-it-yourself warehouses, we should be able to make it. If the market gives us a multiple of 28, we should easily be looking at a stock selling for $33-$34 by the end of the fiscal year. Anything above that is gravy, IMO. Later, Julio.