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Pastimes : John Dessauer's Investors World

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To: thomas richard smith who wrote (1570)	9/21/1998 10:10:00 PM
From: Wren	Read Replies (1) of 2346

The FFS annual report just came out. It shows a company that is still strong financially, but the sales were down from 573 million NZ$ in 97 to 487 million NZ$ in 6-30-98 year. Diluted EPS down from 17.6 NZ cents to loss of 3.8 NZ cents. Explanation indicated sales to North Korea were down sharply in second half, to about 1/3 of first half sales. It looks like there will be a slow return to profitability. CEO quoted as "Times are tough, and they may get tougher, but we will persevere, and we will succeed, because we have the right assets and the right strategy." I kept buying this one all the way down because JD kept pushing it. Funny, he is not pushing at 2 7/8ths.

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