Goodfellow GDL on MSE Message Board

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Gold/Mining/Energy : Goodfellow GDL on MSE

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To: Scott Mc who wrote (60)	1/14/1998 2:22:00 PM
From: M. Merriam	Read Replies (1) of 120

Scott, first quarter results are just out. Sales are well up, but profit is stalled on slimmer margins. They confirm my speculation about increased sales due to ice storm: The recent severe ice storm in Quebec, Eastern Ontario and Northeastern U.S. has created an extreme demand for the Company's crossarm and utility pole products. Our remanufacturing operations have been working on a 24 hour basis to satisfy this demand from our key utility customers in Canada and the U.S. I would say that things look very good for the second quarter. Let's hope that the margins get back up. The falling CAN$ should help, shouldn't it? I missed the reference to Stella Jones in Sat.'s Globe. I'll have to look at that issue again. Mike

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