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Gold/Mining/Energy : CGI Group (GIB.A) - -- Ignore unavailable to you. Want to Upgrade?

To: Jean-Robert Grenier who wrote (707)	9/4/1998 9:44:00 AM
From: Sal Pugliese	Read Replies (1) \| Respond to of 1673

Opening Price Wednesday morning was $21.50 on the MSE. The closing on Tuesday was $20.??. Anyway the stock is still way undervalued... Here is an excerpt from Jan 29th, 98 annual speech by Chairman of CGI. " Even after this appreciation, the A shares are valued at only the mid range of U.S. IT services companies that are closest to our business profile. Our multiple of market capitalization to revenue is 1.8 times based on our revenue run rate when Bell Sygma is included, vs an average of 3.8 times for those companies which analysts designate as our peers." *Current Revenue run rate is 1.3 billion3.8 = $4.94 billion. I believe o/s shares are about 120 million. Therefore, price should be as high as 4.94/.120 = $41.16.** Ciao...Sal