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Gold/Mining/Energy : CGI Group (GIB.A) -

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To: Sili Investor who wrote (768)10/5/1998 7:28:00 PM
From: Sal Pugliese  Read Replies (1) of 1673
 
Sili,

{Comparing CGI share price against the US dollar has no bearing. If Canadian $ goes down, that has NO impact on P/E of a company that is Canadian and has their shares traded on both NYSE and Canadian markets.)

I disagree...I've rarely seen Canadian stocks go up, when the Canadian dollar goes down (other than news driven)...Look at Biochem, Mitel, Royal Bank...
But, obviously the opposite is true too...Sal
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