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Gold/Mining/Energy : Napier International Technologies Inc. (T.NIR) -- Ignore unavailable to you. Want to Upgrade?

To: Carol Barnes who wrote (560)	6/17/1998 1:29:00 PM
From: xray	Read Replies (1) \| Respond to of 2444

The website, whether under construction or not, makes little difference. Many investors are waiting for fundamentals. Earnings may be not a consideration during this promotional phase, but as soon as they are reported, or as soon as the company puts forward sales estimates that are properly backed by facts and defensible assumptions, the stock price will adjust to an appropriate P/E, just like all industrials. For the current price, assuming P/E=20, earnings should be about $40million/20 = $2million per year. In trying to decide whether to buy or sell, current and future earnings should be considered, along with the perceived strength of the promoters involved. $2 million earnings is not terribly easy to achieve for a company that's just starting out. That's a lot of product that's got to be moving.