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Gold/Mining/Energy : CGI Group (GIB.A) -

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To: toccodolce who wrote (392)	5/18/1998 12:21:00 PM
From: BM	Read Replies (2) of 1673

Fidelity and Talvest were among the first mutual funds to invest, to my knowledge. Actually, Christine Decarie (Montrusco, who manages Scotia Growth) was in even earlier but she cashed in before this thread even started so she's missed out on a 2000% gain, and probably much more. I noticed a few weeks back that GBC Canadian Growth has 2% of its portfolio in CGI - they've been in since Jan 97. In March when CGI was at $36.30, the manager Ian Soutar had a 12-month target of $42. Isn't amazing how many analysts keep underestimating this stock. I don't follow mutuals much but when I did, there are good growth fund managers with Bisset and GT Global. As for index funds, that's not the way to profit from CGI in my opinion - too many resource-based companies in the TSE indices at a time when resources are a bit weak. But then perhaps contrarians like that. Thanks for the release too - I see that it's a TSE release, I hadn't thought of looking there.

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