Peerless Carpet Corp Message Board

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Gold/Mining/Energy : Peerless Carpet Corp

PRG 28.49

+1.8%

Nov 5 3:59 PM EST

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To: Charles T who wrote (14)	3/19/1997 11:45:00 PM
From: eyewatch	of 85

Sorry Charles I have been away, but I did some checking. It looks like the three biggest shareholds took over again and are running the Company, (this I like). They have a former MLA on there board now. Salesman said,"last time this year he was behind 50% in his estimate sales, this year he is a head 50% in his estimates". They had very good sales at their recent show and my son says we are getting better prices. They made one move by changing some top staff(CEO,s)and the likes to save 4 millon dollars. Some big fund offer them 30 millon for a piece and they turn them down.There is talk of selling some non core assets off and there is no problem with the Banks, as all conditions were meet. I am going to hang around for a while, looks like a buy around $1.5. John

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