Derlan (T.DRL) Message Board

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Gold/Mining/Energy : Derlan (T.DRL)

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To: Stephen O who wrote (269)	7/12/1999 7:29:00 PM
From: Serge Collins	Read Replies (1) of 319

Things are moving right along. Only one division remains on the sale block, the door maker C.J. Rush. I'm not sure what they will get for Rush, which combined with Bayco, had revenues of $32 million last year. Bayco was recently sold for $8 million. It's obvious that the company erred on the side of conservatism when they established the target of $125 million for the divestments, nevertheless, it is quite positive that they will be able to exceed this target by more than 20%. This will really shore up the balance sheet and help them be more competitive in their core competencies. After a long period of drift, it now looks like Derlan is about to regain its stride. From reading the release it sounds like there could be more developments ahead.

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