Magellan Aerospace Corp (MAL) New Listing Message Board

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Gold/Mining/Energy : Magellan Aerospace Corp (MAL) New Listing

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To: Ian A. who wrote (384)	5/6/1998 10:58:00 AM
From: Dennis Lefebvre	Read Replies (1) of 633

Hi Ian A., Here is a second opinion.......... Post says mystery analyst beating the drum Magellan Aerospace Corp MAL Shares issued 2,821,000 May 5 close $9.30 Wed 6 May 98 In the News The Financial Post reports in its Wednesday edition that shares of Magellan Aerospace fell 20 cents to $9.30 on the Toronto Stock Exchange on Tuesday, on volume of 17,000 shares. Market Action columnist John Greenwood says that Toronto-based Magellan, Canada's second-largest publicly traded aerospace company, has agreed to buy Chicopee Manufacturing for an undisclosed sum. Chicopee is a closely held aerospace parts firm based in Kitchener that is expected to have 1998 revenue of $45-million. The deal is very positive for Magellan's stock and it will boost earnings, according to one analyst, who demanded his identity not be revealed. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com Den

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