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Gold/Mining/Energy : Dorel Industries (DII.B , M or T) good earnings report
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To: saif who wrote (33)3/30/1998 12:40:00 PM
From: Jay Arkay  Read Replies (1) of 96
 
Saif, Excellent news for Dorel, in line with its ambitious, shrewd, and financially successful expansion strategy of the past several years. If approved, the acquisition of Ameriwood Industries will expand Dorel's total sales by about 25%, and the fit of product lines and manufacturing facilities with Dorel's existing Charleswood subsidiary should further augment Dorel's profit growth. Dorel share prices have come a long, long way over the past five years, and it looks like the company is continuing in its profitable growth mode, so that the outlook for further strong share price growth over the next several years remains intact. Jay
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