GREY:CCZFF - Post by User
Comment by
Barbazanon Mar 25, 2010 3:01pm
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Post# 16924672
RE: RE: DID POSITIVE NEWS COME OUT
RE: RE: DID POSITIVE NEWS COME OUTI'm about to pull the trigger for more too - you just have to be the buyer in here - tough to do but got to be done
given that we trade at such a low multiple 4-6-8x earnings over the last few years so i guess it 's possible that we could move into the 50's...but then we start getting ridiculous - almost time to start looking at a sales to price ratio and consider that at .50 we would by worth $20 million on the market while doing 50 million in sales at .10 EPS... Would someone pay 20 million to get 4 million a year in annual earnings...why yes i believe they would... even at $1.00 a share we're a $42 million company making 10% on your money, trading at less than 1x sales...
Tech sector looking formidable which is good as well...
And also from Laurentian and i also think one of you mentioned that GAS and the Appalachian basin is of the lower cost/higher margin nat gas...
Nice to see that the most recent analyst target is the highest yet... although I seriously question some of these analysts in general... a company as reputable as RBC has had outrageous targets on PALM that were $25 last year, then they lowered to $15 - after the SP sinks of course - and now lowered to $13 - and PALM could go broke this year yet they have an outperform on it... sometimes you have to wonder if these MBA CFA lads should take a trading class in price action...
have we heard from davpro?... that's the only thing that concerns me ;)....