CompuServe Messages

Paul, it doesn't suprise me. There are a few considerations involved in any buy decision and two of the main factors that would generate a buy decision from myself are present. First, is there an expected upturn in sales expected? With respect to C=, the answer has to be yes as the English market is currently out of recession and growing nicely while the other markets in Europe are expected to soon start growing again. This is not just my opinion, but also that of others that actually do this for a living. Secondly, if the European market is out of recession, can we expect to see C= to return to profitability? The answer again is yes, so P/E ratios should improve immensely. Given these two factors, C= will be undervalued in the near future and thus the buy recommendation by stock brokerages. The caveat here, of course, is whether the other European markets do come out of their current recessions. If not, C= is entirely dependent on the behavior of the English market and all bets are off. It isn't large enough to provide the sales and profits to support the company in the future.