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Non-Tech : Canadian vs. US Banks--Better PE and rising C$

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To: Mr.Manners who wrote (21)4/8/1997 12:35:00 AM
From: Steve Bevington   of 230
 
Kasha, in that particular sector I typically only follow Repap, it's had good volatility lately due to the on-again off-again relation with Avenor. I'll watch Consol and IP tomorrow. I haven't really watched the price of newsprint lately but I'm still not surprised at the potential drop in earnings in the sector. I believe there's still ample supply in pulp and paper so it may be a rough sector for a while. At the same time, that could be a perfect signal to buy when nobody's looking.

Despite the increase in the markets today, I still feel bearish about the rest of April. Time for some zzzz.
Steve
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