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Gold/Mining/Energy : International Properties Group (IPX-TSE)
IPX 39.90-4.2%2:23 PM EST

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To: Carl who wrote (6)10/9/1997 11:13:00 AM
From: Marcman   of 104
 
Carl,

I'm not really a technical analyst, so the charts don't speak to me the way they do to some. I tend to come at an investment from one of two ways:
a) a company's funadmentals really appeal to me and it's in a sector I want to be exposed to
or
b) I want exposure to a certain sector so I seek out a company that's undervalued within that sector.

In the case of IPX, it's option b. I feel that the property sector will continue to be strong for a while yet -- no economic slow down indicators yet. At the same time, real estate has been hot for about 18-months now, so finding value has been quite difficult.

IPX, I believe, is a rare case. It still holds value -- and that means limited downside -- especially compared to its sector.

I'd be fascinated to hear whatever Katmarian has to say.

GLTUA,
Marcman
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