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Gold/Mining/Energy : LGS Group Inc. Y/2000

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To: Fouad Nahas who wrote (80)10/12/1997 1:40:00 PM
From: BM   of 169
 
Very few outside Quebec know about CGI except for very diligent investors such as fund managers in Fidelity etc. I don't count myself among these very diligent; I simply know about CGI and LGS because I have dealt with them professionally for over 20 years. This is in the past, I do not deal with them presently.

Given that they were doing very well without being hyped over the Internet, I felt no need to do so myself - I intend to hold long term so it really doesn't matter to me where their stock price is on a day-to-day basis.

As for your being late on CGI, timing is very relative. I thought I was late when I bought in January after it had risen 50% in a month. I feel very confident that CGI will do extremely well over the next decade. I have been in this business for 30 years and today I feel that my CGI shares have as much potential upside growth as IBM shares did in 1964 (yes 1964) so stick them in your safety deposit box and enjoy the steady growth.

IMO, this is just the beginning and the best is yet to come with the explosion in telecommunications, online financial transactions and electronic commerce. With CGI's incredibly capable management, we will be there - count on it!

My feelings about Agiss are less definite as I don't know them very well. With two well-connected former public servants on their staff, they certainly know their way around the bureaucracy as well as the bidding and contract awarding process. And with the Canadian gov't far behind the 8-ball in Y2K remediation, Agiss will pick up a lot of business, along with everyone else. Agiss' share price will increase once ConSyGen's eradicates the scam image it seems to have acquired and Agiss announces more contracts/increased earnings.
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