Peerless Carpet Corp Message Board

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Gold/Mining/Energy : Peerless Carpet Corp

PRG 28.26

+0.9%

10:11 AM EST

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To: Charles T who wrote (6)	1/28/1997 7:16:00 PM
From: C K	of 85

I think that I know why the stock is moving down. The company has a ratio debt/equity of 2,8 ,so it says that the company has 2,8 times more debts than equity. They want to refinance their debt probably before april 1997. It will dilute shares and in same time his price if they put another shares on the market at a lower price (if they don't have a good quarter ending in december). They now have 12.6 millions shares outstanding. If the company proove its rentability for the quarter ending in december, there is good chance that the stock rise up and then the company will can do a better offer. I'm presently waiting for a better price (I hope) in one or two weeks to buy some shares.I think that this company is a good investment. They have a great grow potentiel with the new dirigeant like Griffiths and Serge Racine. Serge Racine (Shermag's president in Montreal exchange) did a spectacular good job with Shermag. The stock was $3,00 last year and today it's at $14,00. Today at $1,60 ,I watch it.

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