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Strategies & Market Trends : Alamos Gold

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To: Rocket Red who wrote (1548)	2/27/2002 7:18:38 AM
From: Al Collard	Read Replies (1) of 4470

BEV-t...in the news: Globe says Bennett soars to 52-week intraday high Wed 27 Feb 2002 The Globe and Mail reports in its Wednesday, Feb. 27, edition that Bennett Environmental soared Tuesday to a 52-week trading high of $21.45 on the Toronto Stock Exchange before settling back to close at $20.75, up 65 cents from the previous close. The Globe's Carolyn Leitch writes that Tuesday, Desjardins Securities analyst Mike Amar reiterated his "buy" rating and set a 10-month to 12-month price target of $26.25 a share. Investors who bought a year ago have seen a return of 369 per cent. The stock has gained 49 per cent in the past two weeks. Earlier this month, Bennett posted a profit of 29 cents a share in the fourth quarter, compared with a loss of 11 cents the previous year. Mr. Amar said the company is cost efficient, with few competitors and high profit margins. He added that the change in Bennett's financial fortunes came about after Quebec established regulations requiring soil to be decontaminated before it can be placed in landfills in the province. Mr. Amar said the stricter laws helped Bennett increase its revenue to $10.1-million in the fourth quarter from $2.1-million in the same period last year.

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