Dorel Industries (DII.B , M or T) good earnings report Message Board

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Gold/Mining/Energy : Dorel Industries (DII.B , M or T) good earnings report

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To: John Stopforth who wrote (14)	9/11/1997 8:02:00 PM
From: Jay Arkay	of 96

Dorel has had a stellar performance in the past couple of days, jumping more than $3 per share to close at $30.50 today (DII.B) on good volume. Does anyone know of particular news or perhaps an investment advisory firm or newsletter's recommendation that would account for this sudden jump? I don't question the value of Dorel, which could earn $1.90 or possibly even better for the full year (Q2 earnings were $0.49 per share fully diluted, and first half earnings were $0.89 per share fully diluted; see fin-info.com ). In fact, given the strong growth that Dorel has shown over the past five years in revenues, market share, and profits, I think that it should command at least a market multiple (22-23 times $1.90 gives a current share value of $42 to $44) even in view of the cyclical component of its product demand. Dorel also looks like it will achieve full year revenues approaching half a billion dollars, which in the Canadian context means that it is no longer a small cap. I am just wondering if there is some particular news that explains the latest jump in share prices.

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