DECOMA INC (SPIN-OFF OF MAGNA INTERNATIONAL) Message Board

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Gold/Mining/Energy : DECOMA INC (SPIN-OFF OF MAGNA INTERNATIONAL)

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To: Jay Durell who wrote (4)	3/18/1998 12:28:00 PM
From: The Gryph	Read Replies (2) of 17

Decoma, under magna, was the largest and one of the most profitable divisions of Magna. I believe it is primarily Magna shareholders who know the company and how it is dominating the exterior plastics market. I bought some at the IPO but thought that I would wait to buy more because we thought it would go down in price, just as Tesma did (tsm.a on the TSE). I've kicked myself now, but I think alot of employees are trying to get in now. Again, Im not a real expert on the markets. Earnings, Im no financial statement expert: Heres a summary for 1997 Sales $510986 (in thousands) Net Income $ 28323 Earnings/ClassB $ 0.80 Diluted earnings per ClassB and ClassA Voting Shares $ 0.72 10,526,316 Class A Shares Magna owns all of the Class B shares (magna still has a controlling interest, but also competes with Decoma in some markets). This is one of the future risks outlined in the prosectus. Anyways, gotta call my broker (already up a loonie today) Shawn :)

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