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Gold/Mining/Energy : Royal Group Technologies, Ltd. (RYG)
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To: AL PELLICCIO who wrote (168)7/16/1998 3:00:00 AM
From: Russ Motter   of 199
 
AL~Your buyin' shares back, what your insight? Did a lot of DD on this company a few years back before NYSE listing. Drove up to Toronto and a sharpe blonde showed me the model houses out by the plant. Impressive, great management and a great story. Just too many outstanding shares 80M+ as I remember. Sold well before the Asian problems for a modest gain, just frustrated me. Recently I was checking Mar.31st assets, noted over $40M cash disappeared from the balance sheet as compared to the Dec.97 report, what gives. Accounts receivable up $30M, is that why they call it the Asian Contagion?~Russ

BTW, Paul Stephens is still bullish on this stock but when is the last time he was right about anything?
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