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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: Veteran98 who wrote (464)	8/15/2000 9:28:43 PM
From: Lorne Larson	Read Replies (1) of 11633

Veteran 98 Spectacular numbers. By my calculations based on forward numbers PWI is trading at a P/CF of about 3.3/1. They have cash flow of about .20/month and are distributing .16/month. I note that CIBC is still selling like crazy. Also the short position on this stock, as of July 31, was well over 1,000,000 units. I have no idea what this is all about. Without the selling pressure from CIBC this stock would, in my opinion, be at $9.00 today. Obviously CIBC was playing some sort of arbitrage on the Reserve Royalty take-over, but it just doesn't make any sense. Possible short squeeze coming up? I'm going to be buying tomorrow. I'll take the 24% yield even if there isn't any play on this weird trading pattern.

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