Royal Group Technologies, Ltd. (RYG) Message Board

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Gold/Mining/Energy : Royal Group Technologies, Ltd. (RYG)

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To: AL PELLICCIO who wrote (130)	3/4/1998 10:16:00 PM
From: Julio P. Antelo	Read Replies (1) of 199

Stock's over extended a bit, IMO. There was some profit taking today and it dropped some, but RYG has had a great run in the last few weeks. I still think fair valuation for the stock would be a p/e of 28, and since I'm looking for at least earnings of US$1.19/shr by the end of the fiscal year that should give it a fair value of $33-$34. I just received the quarterly report yesterday and man! was it bullish. Vic de Zen is predicting an increase in excess of $200 million (Canadian) in sales this year and says all business lines are red hot. The storage sheds are selling so well they're adding extra capacity just to meet demand. That's what I like to see. Later, Julio.

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