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Gold/Mining/Energy : PRTI
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To: Michael Burt who wrote (10)11/18/1996 9:17:00 PM
From: Joe Cervini   of 424
 
I spoke with the PR firm on Friday afternoon. Was told there
was a seller with a large position (about 300,000 shares)in the stock wanting out!!! Don't know why he wants to get out.

IMO this is the first time in years this company has put
itself in a position to justify a "real stock" price. Take a look
at the history of this baby. They have never made 0.13 for the year
let alone one quarter. Be careful on last quarters numbers the
0.13 cents represent a sale of the Wood Products division for a
gain of 0.08 cents I believe. (Sorry don't have the actual figures
in front, trying my best from memory).

As far as the current price, I thought it bottomed at 0.28
a week ago, boy was I wrong. Sure looks attractive here. Think
of adding more, would like to see a little upside first. But then
again how much lower can it go. They are making money, not losing
it!!!!
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