Madera International - Symbol WOOD Message Board

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Microcap & Penny Stocks : Madera International - Symbol WOOD

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To: Proletariat who wrote (245)	1/13/1999 10:19:00 AM
From: Richard L. Williams	Read Replies (1) of 1979

Well, WOOD is getting hit hard by selling, but the reality of the situation is this: Madera gets paid in dollars for its lumber, pays for it in Reals in Brazil...if the Real is devalued by 10%, then Madera's profit margin just up by that. Is that good or bad? You tell me... Exports are important for Brazil to recover from this...the exports will keep shipping. Madera won't go out of business. That being said, it's very possible that there are a lot of serious margin calls going on out there, and we may see a lot of selling of WOOD because of that--or just plain panic. I see this as a buying opportunity, but don't ask me to call the bottom. All IMHO. Cheers! Rick

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