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Gold/Mining/Energy : Best buys in current market
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To: clifford atkin who wrote (88)4/10/1997 3:08:00 PM
From: Marcman   of 210
 
Best idea in current market? Buy undervalued companies. Preferably ones with serious earnings potential. Undervalued right now is V.GGX (global Cogenix). They produced hydro electric power for which they have a 20-year contract with BC Hydro. That provides some guaranteed cash flow. They're looking at other dam projects, but in the meantime, they just acquired the growing Total Telecom, which is a telecommunication company out of Alberta which has managed to secure some pretty serious contracts in the US. This means more cash flow in an industry with healthy margins. I don't think this one will be at its current level much longer. StockMasters has called it a $5-6 stock in the near-term. Probably a trifle ambitious, but it's at least half that.
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