Dorel Industries (DII.B , M or T) good earnings report Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Dorel Industries (DII.B , M or T) good earnings report

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jay Arkay who wrote (29)	1/30/1998 11:40:00 AM
From: Jay Arkay	Read Replies (1) of 96

HSBC James Capel includes Dorel among its "Top Picks for 1998". Their report is summarized in the latest issue of Investor's Digest of Canada (January 30th issue). They describe Dorel as "an emerging global franchise with an exceptional distribution profile. For 1998, the company will enter new distribution channels, undertake key product introductions and invest in labor-saving initiatives. The company's EPS grew 50 percent in the first nine months of 1997 and will report basic earnings of 47 cents per share versus 35 cents in the fourth quarter. The stock is a buy with a $50 target price over the next 24 months." This target is up sharply from HSBC's earlier $40 target for Dorel (see reply #23 in this thread), and even accords with the $45 to $50 target that I earlier suggested (though by end of 1998). Jay

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next