SASKATCHEWAN WHEAT POOL ( SWP.B - TSE ) Message Board

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Gold/Mining/Energy : SASKATCHEWAN WHEAT POOL ( SWP.B - TSE )

SWP 28.24

-0.3%

Oct 31 3:52 PM EST

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To: Triden who wrote (27)	9/7/1998 6:47:00 PM
From: Glen McGlaughlin	Read Replies (1) of 47

SWP went public in April 1996 at $12. I agree that it is disappointing that this company's share price has dropped that much over the past 6 mths however it still has to show investors that all the new investment in large concrete terminals and other acquisitions will grow net earnings.The prairie competition is going to be very strong and this will effect margins for all companies including SWP.The rationalization that needs to take place will take 3-5 yrs in my view.In the meantime the grain war will impact company earnings. I think SWP shares will bottom out at $13 following 4th qtr results later this month. Like you I'm still bullish on this company over the longer term but don't expect any miracles in the short term.This is not a quick fix situation!!

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