SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Loewen Group
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lawrence Burg who wrote (256)2/17/2000 9:45:00 AM
From: Dennis Lefebvre  Read Replies (1) of 277
 
This could put some breaks on and even pull back.

Globe says Loewen stock comes to life

Loewen Group Inc (The) LWN
Shares issued 74,147,821 Feb 16 close $2.04
Thu 17 Feb 2000 In the News
The Globe and Mail reports in its Thursday, Feb. 17, edition that a wave of
what analysts are calling "speculative noise" has sent shares of funeral
giant Loewen Group soaring 74 per cent over the past two days. The Globe's
Peter Kennedy writes that after surging 39 cent to $2.04 yesterday on the
Toronto Stock Exchange, Loewen's shares have more than doubled from around
80 cents last week. Trading was extremely brisk, with more than 3.4 million
share changing hands, well above the usual daily volume of around 220,000
shares. A senior unnamed Loewen official expressed bafflement at the sudden
stock market interest in a company trying to emerge from bankruptcy
protection in Canada and the United States. An unnamed analyst says the
rally may be tied to last week's announcement by Loewen that it has hired
two new directors. Other unnamed analysts say investors may have bid up the
stock in anticipation of more good news on the debt restructuring front.
The Globe concludes by citing an analyst who says paying more than $1.30 a
share is a dangerous game.
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News