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Gold/Mining/Energy : Rogers Communication

RCI 37.98

+0.4%

9:31 AM EST

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To: hsg who wrote (73)	1/13/1998 8:48:00 PM
From: Le Requin des Bois	Read Replies (1) of 189

I agree RCI has done the right things in terms of cutting costs and increasing cash flow. Its a much leaner company than it was two years ago. The beneficiaries of all this will probably be the bond holders though. They still get the nice yields and they are protected by solid revenue-producing assets. The shareholders will continue to be sucked dry. Asset sales will continue until there is nothing but bits of paper left.

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