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

To: BEEF JERKEY who wrote (320)	10/7/1998 11:12:00 AM
From: Clement	Read Replies (1) \| Respond to of 768

How much Cash does DFX have these days?

To: BEEF JERKEY who wrote (320)	10/7/1998 11:30:00 AM
From: Gordo	Read Replies (1) \| Respond to of 768

Beef, In Q3, revenues were $15.2 million (US) up 149% from $6.1 million (US) for Q3 of 1997. I agree with you that the company should buy back shares. It would be the best use of cash - far more useful than a dividend. At a trailing P/E under 10, and a forward P/E that will be much lower if the company hits earnings of about $1.60 for the year (my conservative forecast), a share buyback will deliver very good bang for the buck. It should also help provide some buying support under the share price. gord