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Gold/Mining/Energy : Direct Focus Inc. (DFXI) -- Ignore unavailable to you. Want to Upgrade?

To: Gordo who wrote (269)	7/17/1998 10:10:00 AM
From: Gofer	Read Replies (1) \| Respond to of 768

I'm estimating $0.30 US. It's amazing that a growth stock like DFX continues to trade on the basis of trailing earnings. A conservative guess at this years earnings would be $1.20 US which would give us a share price of $17.65 CDN at a 10 P/E. A more ambitious guess would be earnings of $1.40 US giving a share price of $30.90 CDN at a 15 P/E. Of course the continued weakness in the CDN dollar also helps the share price. It's also possible that Q2 earnings could be less than either of us estimates if DFX has been spending on the new product (infomercial production, hiring/training, etc.). Cheers, Gofer