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Bobwins

02/17/05 6:49 PM

#9 RE: Bobwins #8

Apparently Cannacord says each .01 increase in zinc equals .01eps for Breakwater. That means q4 should be .02eps and q1 2005 will be .03eps based on avg prices for zinc for the last six months. If they earn .03 for q1 that would mean a fwd eps of .12 vs .575 price today or p/e of 5. Bought some more today at .575. Bobwins