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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (69998)	11/3/1999 11:56:00 AM
From: Joan Osland Graffius	Read Replies (1) of 132070

MB, >The only point I would add is that even the great majority of juniors are overpriced relative to their values as operating cos. They just look cheap relative to the silly stuff. I agree with your take on most of the juniors especially if we have an economic softening. There are a few that are starting to become fairly priced..especially those with no debt, lots of cash to share with the stockholder through investment or dividends, and are not buying back their stocks. Have you thought about stagflation lately? It looks like we are seeing this phenomena in the short term. Take care, Joan

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