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Gold/Mining/Energy : Canadian Hot Stock Club - CHSC
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To: Famularo who wrote (1060)10/27/1998 5:23:00 PM
From: NY0001  Read Replies (1) of 1307
 
The #1 performing Biotech Stock in Canada is Forbes Medi-Tech Inc (VSE:FMI) as rankded by Scotia Capital Markets and Levesque Beaubien (#1 for companies greater than $50 million market cap) and it was #3 in 1997.

LOM has just released a Buy recommendation with a six month target of $14.75 (a 105% increase from current price) but state in the report that the target is conservative and actually expect a market cap target of $500 million in the next 12 months. This is a 500% increase from current.

There is a thread on SI under FMI. Call IR, Don Lay, at 604-681-8976 or email: dlay@forbesmedi.com. Also has reports from C.M.Oliver, Union Securities, Credifinance and Groome Capital. FMI is also prominently mentioned in reports by Merrill Lynch and Paribas from London, UK.

I expect it will be the #1 performing small-cap stock overall in Canada in 1999.
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