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Stocks G / GTS Duratek Inc.


Subject:  Re: earnings, growth, etc Date:  8/8/1998  3:10 PM
Author:  duratek Number:  9 of 15

If you calculate, based on todays price of $8.5 per share for DRTK and your estimate of '99 earnings is about .83/share, then DRTK is selling at 7.225 x 1999 estmated earnings!!

If you add to that the rececntly announced buyback of up to 2 milion shares by the board of directors, I would certainly say that this stock should be $15-20 just based on projected 1999 earnings. It seems that DRTK is grossly undervalued and mostly misunderstood. The recent 40% stock swoon signallled another buying oportunity to purchase at a substantial discount, a masterfully well run company and a company that is in line to haul down additional decommissioning contracts in the near future.
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