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Gold/Mining/Energy : Goodfellow GDL on MSE

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To: Scott Mc who wrote (66)2/23/1998 7:53:00 PM
From: Gordo  Read Replies (2) of 120
 
Just started looking at this stock today. Appears to have interest growth prospects - and even pays dividends!! Might be one to tuck away in my RRSP.

Only a couple of warning flags have come up in my DD thus far. The first one has already been mentioned on this thread - that of declining margins in the face of increasing sales. This is most evident in the Q1 financials. The second issue is one of cash position - the company is on a bit of a spiral in terms of the short term debt that they are accumulating - and most of it seems to be going into accounts receivable and inventory. Anyone out there now any more about this?

Gord
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