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Gold/Mining/Energy : Repap (RPAPF)
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To: elcasmirb who wrote (163)5/7/1998 4:49:00 PM
From: scott  Read Replies (4) of 485
 
the current market price already is probably 10 cents still too high. the company is probably worth at most 25 cents using where like mills have traded recently (ie upm kymene' purchase of blandin). dont forget, there is greater than 1.1 billion in debt in front of these shares and there is 750 million shares. dont be fooled by the low price, the total market value of the capital structure is quiet large for a single paper mill with 500,000 ton capacity. in other words, look to sell as opposed to wait around for significantly higher prices.
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