CANADIAN MAPLE LEAF FINANCIAL CORPORATION Message Board

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Gold/Mining/Energy : CANADIAN MAPLE LEAF FINANCIAL CORPORATION

CNF 5.000

+3.7%

Oct 31 9:30 AM EST

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To: DaveU who wrote (18)	7/7/1999 7:03:00 PM
From: michel petit	Read Replies (1) of 25

Almost every seller seems to have sold CNF.The company is buying back shares,the president of the company(Steve Funk)recently bought >200K shares and I also purchased a few shares in the last couple of weeks. In my opinion,all the bad news are behind.The Asian economy is almost recovering,the Canadian dollar has stopped falling and CNF had a PROFITABLE THIRD QUARTER.The company anticipates a strong fourth quarter brought about by better performance in Asian subsidiaries(they were awarded a new parking management contract in HK ,etc )Also they sold a part of Aspen Properties to Cadillac Fairview and the profits of this transaction will be recorded in the fourth quarter(I expect they will releases the numbers in August)I expect this stock to rebound in the second half of 1999

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