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Gold/Mining/Energy : Pallet Pallet Inc.
PPAL 60.100.0%Sep 23 11:27 AM EST

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To: Fred J Bealle who wrote (41)1/16/1997 1:45:00 AM
From: marcos   of 451
 
The 96 ed. of Fin. Post survey of Industrials(Aug 97) shows PLT owning several pallet manufacturing subsidiaries, among which is Laurentian Wood Inc., (Quebec's largest pallet man.)--for which they paid 3.3mil, I don't know when. They have sold off assets, though, haven't they? Also, when they say the price of lumber has stabilized, it's done that on the high side. You're right that a manufactured product is less subject to zenophobic/protectionist "quotas" on entry to the US. You could also be right on a little drop, but not much, IMO. There's just too much upside, although it will take the promise of earnings to start the roll.
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