Trailmobile Canada TMX (formerly MII) Message Board

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Gold/Mining/Energy : Trailmobile Canada TMX (formerly MII)

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To: Wizzer who wrote (91)	7/22/1998 12:15:00 PM
From: Philip Benson	Read Replies (1) of 406

Scott/Wisam: Fully diluted shares o/s are closer to 36 million, but I still agree the stock looks cheap. Scott, the only Canadian manufacturer is Manac (owned by Que based Canam Manac Group). Their ops are about the same size as MII's but they sell a lot of their production in to the US. Most trailers sold in Canada are built in the US (Fruehauf, Great Dane, Stoughton, etc.). To put it in perspective, Breadner Trailers in Cambridge is a Stoughton dealer and he sells over $125 million/year!!! If MII can get its EBIT up to 5% of sales (which I would consider a minimum target given the increasing service business which generates much higher gross margins)this is going to be a great stock. FWIW Philip

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