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Gold/Mining/Energy : Carmanah Technologies Corporation (TSX - CMH)
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To: re3 who wrote (66)5/12/2004 4:18:59 PM
From: big guy  Read Replies (1) of 101
 
Just got this post off the stockhouse boards. And yes I would be a buyer in the $2.50 Canadian area but I plan on holding for a number of years.

< SUBJECT: Spoke With Investor Relations Posted By: dave632
Post Time: 5/12/04 15:31
« Previous Message Next Message »

I called Customer Relations at Carmanah and spoke with Mark Koster...(something)...ski. Sorry Mark I didn't get the last name. Anyway, I asked if the drop in the share price was anything to worry about and he told me that there was nothing wrong at CMH and that it was just the stock markets in general that are doing poorly right now. There is nothing material to disclose. Based on the performance of the other stocks that I hold, CMH has faired well up until today.
My conversation with Mark was brief as my main concern was to confirm whether there was a problem with CMH for the stock to decline 15% but I did ask about plans for future facilities expansion. He indicated that they are always talking about this and have discussed increasing it to/by 28,000 square feet over the next 2 years. He also ran some analyst expectations by me that were all in the $3.80 - $4.00 range in the next year.
Mark has promised to email me additional information on CMH and I will post it once I have received it.
I believe in CMH products and the potential for this stock. If you are long on CMH then perhaps this decline is an excellent buying opportunity. Good luck all!>
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