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Gold/Mining/Energy : International Properties Group (IPX-TSE)
IPX 41.74-5.5%11:23 AM EST

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To: trustmanic who wrote (49)2/12/1999 1:12:00 AM
From: mark calgary  Read Replies (2) of 104
 
Well - considering that they are trading at three times 98 cashflow, and that they are probably going to increase cashflow by 20 - 30 percent for 99, this stock is incredibly undervalued. They now have 4,000 rental units and this IMHO make them a possible target.

The shareholder package just strings out any offer that might come and give the company a chance to react.
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