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Gold/Mining/Energy : Global Election Systems, GSM.TSE ,explosive growth, low PE -- Ignore unavailable to you. Want to Upgrade?

To: DeplorableIrredeemableRedneck who wrote (264)	9/30/1998 12:03:00 AM
From: bwc	Respond to of 333

Her is my calculation of GSM's pe: Trailing 12 months Q1 Sept 30/97 $0 .07 CDN Q2 Dec 31/97 $0.08 CDN Q3+Q4 June 30/98 $ 0.34 CDN Total $0.49 CDN Current price $2.25 pe=( $2.25/.49) = 4.69

To: DeplorableIrredeemableRedneck who wrote (264)	9/30/1998 9:09:00 AM
From: MatthewZ	Read Replies (1) \| Respond to of 333

Darren, Wake up man! Ok, so the financial post has a PE of 9.4 but this is an obvious mistake. They have taken the price of 2.26 CDN divided by .24 US and got 9.4. It should be 2.26/(.24x1.51) = PE of 6.23 BASIC OR 2.26/(.22x1.51) = PE of 6.8 FULLY DILLUTED (including 1 time charge) I will post my analysis on this quarter's numbers and how they compare to the previous quarter later on this week on SI. Using valuation tools including PEG (PE/growth) GSM is very cheap although the historical growth is difficult to determine because of GSM's fairly short history. Later, MatthewZ.