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Gold/Mining/Energy : Direct Focus Inc. (DFXI)

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To: diddlysquatz who wrote (196)2/25/1998 12:55:00 PM
From: Gordo  Read Replies (1) of 768
 
Paul,

I agree with you that the stock is doing just fine on the TSE. However, Bowflex is an American-based company, and most American companies eventually want a listing on an American exchange - NASDAQ being the obvious choice in this case. This would give BFX the ability to promote to a much larger potential shareholder base, easier access to more capital (although I don't know what they would use additional capital for right now), as well as the fact that stocks on US exchanges typically trade at higher PE ratios than those on Canadian exchanges.

BFX currently trading at $6.45, high of $6.50 today. Go BFX Go!!!

Gord
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