Avenor (avr-tse) - Repap buyout (rpp-tse) Message Board

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Gold/Mining/Energy : Avenor (avr-tse) - Repap buyout (rpp-tse)

AVR 4.100

-1.7%

Nov 28 9:30 AM EST

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To: John Bull who wrote (1)	1/5/1997 11:13:00 AM
From: Phoenix	of 290

I also think Repap is a buy now because of its low price. First, if the takeover is o.k., that means I can get some Avenor shares at discount and the long term is also good. Second, if the takeover does not proceed, I still get Repap's share at a price which is below the book value (if you get it below $4.55). For the past year, most articles I read said Repap was in trouble because of its debt BUT the long-term is still good. So, no matter it is for short term or long term, I think Repap is a buy now (around $3.90). Any other opinion (good or bad)?

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