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 (64)	9/13/1999 1:54:00 PM
From: Jay Arkay	Read Replies (1) of 96

Hassan, Good for you in your timing on the sales, but I'm not a technical analyst, so I can't provide any advice about timing your re-entry into Dorel. The share prices have fallen more than I might have expected from a consolidation move, after such strong gains, but I am not aware of any substantive company developments to account for the current share price. When I last spoke with Dorel's IR rep, he was not aware of anything that could explain the fall-off. I'm still holding all of my shares (my largest single position) banking on continued growth and excellent management. If I'm right in my forecast of around $2 EPS for the next year, then the shares are now extremely cheap, trading with a PE under 13, for a company that has demonstrated such outstanding and sustained growth for years. Dorel even maintained significant sales growth in the last recession. I would certainly appreciate a posting of info from anyone who might have insights or news that would explain the market's recent cooling to Dorel, other than the sales decline in Q2 over Q1 (noted in my earlier posting). Jay

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