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

To: trilobyte who wrote (401)	1/24/1999 4:52:00 PM
From: Gofer	Read Replies (2) \| Respond to of 768

Nice numbers, eh. The numbers are in US$ The 98Q4 numbers are estimates (I'll repost after Feb. 22 numbers come out). When I download the 98Q3 numbers from SEDAR, I get the 97Q3 numbers, some sort of glitch, so I used the CDN dollar numbers in the 98Q3 press release and divided by 1.54. Direct Focus TSE-DFX US$ 1,000's Q/Q-1 Q/Q-4 Earnings/ Period Sales Earnngs Sales Sales Sales % % % 98Q4est 18,800 3,500 26 159 19 98Q3 14,904 2,946 22 145 20 98Q2 12,237 2,203 11 235 18 98Q1 11,051 2,526 52 280 23 97Q4 7,251 1,264 19 204 17 97Q3 6,073 610 66 141 10 97Q2 3,654 381 26 65 10 97Q1 2,908 261 22 109 9 96Q4 2,388 189 (5) 8 96Q3 2,520 300 14 12 96Q2 2,215 270 59 12 96Q1 1,394 87 6 Year End Dec Diluted shares(1000s) 9,717 Recent Price $12.83 C$ 19.50 EPS(diluted) $1.15 P/S 2.2 P/E 11.2 Market Cap 124,659 If Sprott's 99 sales estimates of $120M are right, we should see 99 profits at 21.6M (18%) which gives us a forward P/E of less than 6.0! Based on 21.6M earnings we could see a 99 share price: P/E Share Price 11.2 24.92 15.0 33.37 20.0 44.50 My target is $40.00. Cheers, Gofer