Dorel Industries (DII.B , M or T) good earnings report Message Board

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Gold/Mining/Energy : Dorel Industries (DII.B , M or T) good earnings report

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To: Hassan Lakhani who wrote (56)	9/24/1998 12:25:00 PM
From: Jay Arkay	Read Replies (1) of 96

Two positive news items for Dorel recently. First, effective before the market opening on September 24th, Dorel has been added to both the TSE 300 and the TSE 200 indices. This should both increase and stabilize demand for the shares. Second, Dorel is undertaking some (minor) cost-cutting rationalization of production in the home furnishings area. See: fin-info.com Dorel shares held up better than the overall market during the recent downturn and are also recovering somewhat more quickly. With time the market will recognize Dorel's outstanding growth performance and will accord it a significantly higher PE multiple than currently. With current year earnings likely in the $1.25 to $1.30 range (on the split share basis), the shares now sport only about an 18 PE ratio, whereas they could easily move to a PE in the range of 25, which is still below their five-year EPS growth rate. Jay

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