SASKATCHEWAN WHEAT POOL ( SWP.B - TSE ) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : SASKATCHEWAN WHEAT POOL ( SWP.B - TSE )

SWP 28.15

-0.3%

Nov 3 3:34 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jay Durell who wrote (10)	3/26/1998 1:27:00 AM
From: Glen McGlaughlin	of 47

Jay-sorry for being so tardy in responding,I have had other fish to fry in recent days including some liquidation of my exposure in SWP.I was able to pick up $22 for some of my shares to-day,giving me a tidy 57% gain in less than 20 months. Don't get me wrong I'm still bullish on this company over the longer term but I agree with the Dominion Bond Rating Service comments on march 13 which headlined "SASK POOL EPS WHIPSAWED BY EXPANSION" In other words new competitors entering the Sask grain marketing picture such as ADM,ConAgra, numerous Producer built terminals,the purchase of Humboldt Flour Mills jointly by ALTA WHEAT POOL and MAN POOL ELEVATORS will all put pressure on operating margins for all grain companies in the short run-this will not bode well for increased share values over the next 12-24 mths.Hence my decision to lighten my exposure at this time. Thats the way I see it at this point in time. Glen McGlaughlin

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next