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Gold/Mining/Energy : Derlan (T.DRL)
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To: Greg Spendjian who wrote (17)9/24/1997 2:08:00 PM
From: edward harris   of 319
 
I,ve been accumulating Derlan stock from 2.18 to 4.65 and
have a good understanding of this industry. The fast growth
in sales in the aerospace eats up working capital and develop
costs fast. Management has stated ,their goal is growth
from witin the organization. Look for profits and cash flow to
increase rapidly in the next two years. With a injection of
equity and a sales to stock ratio of about 3.5 this company
is under valued. Several large investors have taken positions
and the stock appears under accumulation. I hope this
answers your concerns.
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