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Gold/Mining/Energy : UNDERVALUED CANADIAN COMPANIES

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To: Ciao who wrote (184)	4/5/1998 1:28:00 PM
From: Serge Collins	Read Replies (1) of 248

Ciao, Thanks for bringing Techmire to our attention. The story sure sounds interesting and I will continue to monitor it. The one problem is the difficulty in obtaining information on this company. I'll call the company for an investor package. By pick for undervalued stock for the next six months is Armbro Enterprises (TSE:ARE). The company is involved in road construction. Those of you who reside in S. Ontario might be familiar with them as they are one of the lead contractors on the 407 project. As that project draws to a close, the company is gearing up for a big project in Israel. That contract is worth $1.1 billion and will last until the year 2002. Armbro has a 25% interest in the project through its 25% share of CHIC ( a consortium of builders). Armbro just released excellent fourth quarter results but the market barely noticed. The company states in its latest release that it is seeing a good improvement in biddings and expects an excellent year. The stock is very cheap and is a good bet for the small-cap part of any portfolio.

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