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Gold/Mining/Energy : JDS Fitel
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To: N Zucco who wrote (308)7/23/1998 2:25:00 PM
From: pat mudge  Read Replies (1) of 815
 
"JDS is in a great market and executing its game plan very well," said Kevin Slocum, a financial analyst with SoundView Financial Group. "There is nothing in these results that would swing me away from my earlier recommendations."

Mr. Slocum is one of the few U.S.-based analysts to track JDS, which trades only on the Toronto Stock Exchange. He issued a "buy" recommendation last month when JDS shares were trading at $26.75 and predicted they will reach $38 by next June. JDS shares closed yesterday at $28.40, up 80 cents. The company released its quarterly results after the markets closed.

Thanks for the article. I heard recently that Slocum was eyeing NN to cover. Don't know if he's made a decision. Idle chatter at this point.

I'm certainly pleased with JDS --- seven quarters of plus-20% growth, not bad.

Later --

Pat
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