GREY:CRVNF - Post by User
Comment by
jamieb3on Apr 16, 2006 7:47pm
![](https://assets.stockhouse.com/kentico-cms/0342-00/images/Sprite.svg#id_Post_Views_Icon)
263 Views
Post# 10680141
RE: Find Q4 projection
RE: Find Q4 projectionFind is trading 34 times forward earnings. Those earning must now be corrected upwards in order to price in the new production estimates - it will take a few weeks for the analysts to get this done. If we assume earnings are going to increase by 15% that would mean a 15% reduction in PE at current prices - meaning Find is currently trading at under 30 times earnings. This is, as you point out, totally ignoring any new drilling results that are pretty obviously about to be published.
This company is dirt cheap at $12. For those of you planning to sell it down tomorrow - thanks. I'll be waiting.