Jordex Resources Inc -
Kaiser says hold Jordex for end game
Jordex Resources Inc JDX
Shares issued 30,374,357 1999-12-06 close $1.18
Tuesday Dec 7 1999
John Kaiser, writing in a Bottom-Fish Action for the week of Nov. 22-26, says Jordex Resources is a technical hold at $1.39. Mr. Kaiser recommended Jordex in December, 1998, at 50 cents; other buy tips were December, 1997, at 85 cents, and February, 1999, at 59 cents. He commented on the company's affairs six times this year. In the current report, Mr. Kaiser says Jordex had a bumpy week when it distributed two different news releases on the same day. The first announced the company's investment in Enviromation Inc., which designs and supplies control systems for water treatment facilities. Mr. Kaiser says the market, looking for an Internet or high-tech story, was unhappy with the news. Its mood brightened later that day when the much-watched Jordex issued a second release announcing a deal with two equity fund managers, Argentum Group and MV Private Capital Inc. As for the company's overall strategy, Mr. Kaiser says the chess pieces are moving into position, but only management understands the game plan. Expect something bigger and better to come of it all, he adds. |
