Rainmaker (T:RNK) Announces Q1 Results - $0.09 EPS Message Board

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Gold/Mining/Energy : Rainmaker (T:RNK) Announces Q1 Results - $0.09 EPS

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To: Robert van Mil who wrote (30)	3/20/1998 9:50:00 AM
From: diddlysquatz	Read Replies (1) of 73

Rainmaker Digital Pictures Corp RNK Shares issued 10311373 1998-03-19 close $3.7 Friday Mar 20 1998 The Globe and Mail reports in its Friday edition that shares of Rainmaker Digital Pictures have sunk to a 52-week low after the company posted slumping profits. Reporter Angela Barnes notes that Michael Deighton, who follows Rainmaker for Groome Capital Advisory, says the slide might be a knee-jerk reaction by the market. Jason Zandberg, an analyst at Pacific International Securities, agrees. He says he thinks the stock was oversold on Thursday. He says the market, whenever it has these negative surprises, tends to overreact somewhat. Rob Millham of C.M. Oliver is not so sure. He felt the decline was probably deserved, because the company delivered a bit of a bombshell with the numbers. Mr Deighton says that in writing off the startup costs of its digital video disc business, Rainmaker is taking a conservative approach to accounting, especially since the market is just starting to evolve. He says, however, that with the number of DVD titles expanding, demand for the units could well rise. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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