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Bullboard - Stock Discussion Forum Bridge Resources Corp V.BUK

TSXV:BUK - Post Discussion

Bridge Resources Corp > Is this stock broken ?
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Post by mikerosoft666 on Jan 13, 2009 4:59pm

Is this stock broken ?


They are making money - probably good money...  and it can't hold a share price ?

Or are we already fully valued ?
Comment by mjl777 on Jan 15, 2009 9:35pm
According to the 2009 presentation on their website, Bridge will generate cash flow of $69.5 million in 2009. Not factoring in any potential dilution from o/s options and warrants, that's the equivalent of $0.53 per share in 2009. A value company in the junior oil & gas sector has typically commanded a cash flow multiple in the 3 to 4 times range. This suggests a potential stock price in ...more  
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