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Gold/Mining/Energy : Magellan Aerospace Corp (MAL) New Listing
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To: Dennis Lefebvre who wrote (303)10/16/1997 2:03:00 PM
From: Al Lewis   of 633
 
Investor Digest - Brief Note Page 423 Oct. 24 - Octagon Capital -

This item on Magellan is very positive and has some interesting earning projections. The complete note follows -

Analyst Greg Macleish has a buy rating on the shares of Magellan Aerospace Corp. (MAL TSE $7.70, phone 416 -365-0565) with a 12 to 18 month target price of $10 to $12.

The recent acquisition of Bristol Aerospace shows Magellan's new management is aggresive and entrepreneurial, he writes adding the company should keep growing, both internally and through acquisition. As well, the commercial aircraft industtry continues to show strong growth and to outsource more components.

Magellan should report earnings per share of $0.31 for 1997, $0.47 for 1998, and $0.74 in 1999

Regards
Al
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