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Gold/Mining/Energy : Royal Group Technologies, Ltd. (RYG)
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To: AL PELLICCIO who wrote (100)12/9/1997 11:17:00 PM
From: Julio P. Antelo  Read Replies (1) of 199
 
Can't tell exactly.

I don't know why CML would have put RYG "on hold". What does that mean in their terminology? Does that mean that they recommend that you hold the stock but not buy anymore?

In looking at the numbers that you posted, the 4th qtr. performance may show a negative surprise (but I'm not really sure). One thing to remember is that we had about 2 million more shares outstanding in the 4th qtr. than we did the rest of the year (some earnings dilution); without those additional shares earnings would have been about a penny or two higher per share, but not much else.

Zacks and Morningstar both were showing an estimate of US$.88/share for the full year. In your post (as best I can figure out) the company posted earnings of Canadian$1.21/shr. (or $1.19 on a fully diluted basis). Using the exchange rate of 1 US $ = $1.42 Canadian, that translates to about US$.85/shr. meaning they missed the estimate by a few pennies. If that is the case, I could understand why CML may want to change the rating on the stock, but I caution everyone that my interpretation could be wrong due to the additional number of shares or a faulty exchange rate. It really would help me to see the 10k report and see all figures in US currency.

Maybe we'll get a complete press release pretty soon. Later, Julio.
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