To all those who are long Derlan. Below are three messages on DRL received in the past few days. You would think that with this kind of press coverage our company's shares should be in high demand.
In fact, a look at the chart makes me think that should DRL go through $6.00 and stay there for a while, we may have a major breakout. Any thoughts anybody?
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Post says Derlan turning around
Derlan Industries Limited DRL
Shares issued 18,277,510 Apr 8 close $5.75
Thu 9 Apr 98 In the News
The Financial Post reports in a Hot Stock corporate profile in its Thursday
edition that Derlan Industries is emerging from the penalty box with a new
vision. Reporter Peter Fitzpatrick says that Derlan wants to shake up its
image as the Toronto Maple Leafs of Canadian business. After each
successive year of disappointing results, the Derlan team has been
restructured with promises of better things to come. Chief financial
officer David Williamson says he thinks it is safe to say that Derlan is
going through a process of rebuilding its credibility. In recent years,
Derlan has scaled back its operations. It has trimmed its line-up from 22
divisions in 1993 to a current ten units. Mr Williamson says the company
has concentrated on its aerospace and pump operations and is parlaying its
aerospace abilities into a growing business of making machines that
manufacture semiconductors for the computer industry.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
Post says stock seen as a turnaround play
Derlan Industries Limited DRL
Shares issued 18,277,510 Apr 6 close $5.90
Wed 8 Apr 98 In the News
Buy & Sell columnist Sonita Horvitch says in the Wednesday edition of the
Financial Post that Derlan Industries is a top stock pick of Philip
Strathy, v-p and chief investment officer of Strathy Investment Management
of Toronto. Ms Horvitch notes the stock, currently $5.90, has a 52-weeek
range of $6.40 to $2.95. Mr Strathy likes the stock as a turnaround play.
He says that Derlan is increasingly focusing on manufacturing products for
the aerospace industry, rather than on its other markets, semiconductor
companies and pump industries. Overall, Mr Strathy has increased his
holdings of Canadian equities and reduced his holdings of US stocks,
following recent strength shown by the Canadian dollar. Strathy Investment
is a manager of segregated and pooled funds as well as Bermuda-based
Fallingbrook mutual funds. With the equity component, Mr Strathy invests
mostly in large caps, but he also recommends a complement of small cap
stocks.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
Post says restructuring seen as paying off
Derlan Industries Limited DRL
Shares issued 18,277,510 Apr 6 close $5.90
Tue 7 Apr 98 In the News
Buy & Sell columnist Sonita Horvitch says in the Tuesday edition of the
Financial Post that Derlan Industries is a top stock pick of Tony Massie,
v-p of investments at Global Strategy. Ms Horvitch notes the stock,
currently $5.85, has a 52-week range of $6.40 to $2.95. Derlan has
restructured by improving its balance sheet and selling off non-core assets
to focus on its core business. Mr Massie says it is a solid company with
good management. Overall, Mr Massie remains bullish on the North American
stock market. He says it is staying the course. The flow of funds into the
equity market continues and takeover and merger activity is reducing the
supply of stocks, which is positive. Mr Massie's approach is to avoid
weaker sectors, which he believes include oil and gas and base metals
stocks. He manages Global Strategy's Canada Growth, Gold Plus and Strategy
Income funds.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com |
