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Strategies & Market Trends : Value Investing
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To: Edmond Katonica who wrote (14218)4/1/2002 5:44:24 PM
From: Allen Furlan  Read Replies (1) of 78751
 
Speaking of Australia, pdlpy(pacific dunlop) is now at 2.6 and should be above 13 by year end. Hold your horses, they will have a reverse split of 5/1. Also they will become Ansell and be primarily in U.S. market for rubber products for health care industry. Although reverse splits are usually a sign of trouble I believe that pdlpy just had too many shares outstanding. My speculation is that with a marginable stock and greater U.S. visibility the stock will be in the 15-20 range(3-4 based on current capitalization). There are 4 common per ADR.
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