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Gold/Mining/Energy : WHAT'S A GOOD CANADIAN STOCK TO SHORT
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To: chevalier who wrote (44)3/21/1998 7:15:00 PM
From: Ward Nicholson  Read Replies (1) of 112
 
IFM:TSE MPACT Immedia Corp.

Hmmmm...this one's getting pricey.

MPACT Immedia Corporation
IFM
Shares issued 19674466
1998-03-09 close $5.25
Wednesday Mar 11 1998
The Financial Post reports in its Wednesday edition that the rapid ride of MPACT
Immedia from early facsimile and e-mail technology to sophisticated electronic
commerce and Internet services has been a roller-coaster experience for some
investors. Reporter Robert Gibbens notes that president Brian Edwards says that with
an expanding range of products and the explosive growth of Internet commerce,
MPACT targets revenue of $100 million in two or three years. That will be a pleasant
turn of events for chairman Rick Renaud and investor Ned Goodman, who holds about
17 per-cent of MPACT's shares through Dundee Bancorp. Most recently, Mr Renaud
was a director and acting chairman of now defunct investment dealer Marleau Lemire
and Mr Goodman was a principal investor. MPACT shares traded as low as $2.15 last
year, but after the annual meeting they rose to $3.45 and two analysts had one-year
targets of $4.50 to $5. Recently, the stock hit $5.80, a 52-week high. Late in
February, Rajiv Das, an analyst with CIBC Wood Gundy Securities, said MPACT was
a strong "buy" with a one-year target price of $8.
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