John,
This info taken from the StockHouse BB:
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Cryopak Industries Inc -
Fagan cools to Cryopak, but it's still a hold
Cryopak Industries Inc CII
Shares issued 15,737,040 1999-12-14 close $0.62
Wednesday Dec 15 1999
Brian Fagan, writing in the Dec. 13 Fagan Report (Interim Market Report No. 29), is beginning to lose faith in Cryopak Industries at 60 cents, but he says the stock is still a hold. He says
that while the company is accomplishing just about everything that was expected, it is about six months or more late on all counts. Mr. Fagan was upbeat about Cryopak's prospects
when he recommended the stock in April at 90 cents, stressing that the maker of refrigerated mats is headed by former Labatt Brewing chief executive John Morgan. At the time, the
airline industry was indicating its interest in the cooling product, and Mr. Fagan was confident that Cryopak would grow substantially under Mr. Morgan's guidance. The
Washington-state-based letter writer says he has been tempted to sell the stock on several occasions, but each time he met with management, "I could see they were making progress,
albeit at a turtle's pace." The key point for Mr. Fagan is that the company's sales are increasing each month.
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BTW, did the Turtle finally beat the Hare? I missed the end of that race although I believe it was a photo finish. If the Turtle did win, then maybe, just maybe, there's some hope for CII over the looonnngggg haul.
Every new month (or is it quarter??) brings hope that news is just around the corner. One of these days, Alice....
Brian
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