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: Anthony Wong who wrote (407)	6/8/1998 1:40:00 PM
From: Ian A.	Read Replies (2) of 633

Anthony: RBCDS are following the stock and the last report I have is dated May 15, 98 indicating a Strong Buy. Their conclusion was: "We continue to expect more acquisitions as the company builds on its position as a leader in the consolidation of the aircraft parts manufacturing business in Canada. We also expect Magellan to continue to build its backlog over the year as it expands on its parts manufacturing base. Given Magellan's successful implementation of its growth strategy, the solid and growing base of orders currently in place throughout the company's operations, and the positive outlook for the industry in general, we are reiterating our STRONG BUY (1) recommendation on the stock for a recently revised 12- month target price of $13.00" ....J. Reider(514)878-7790 Are you aware of Magellan's strategy with its acquisitions, are they merging the various companies or operating them separately, and what is the effect of either strategy. Ian

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