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Gold/Mining/Energy : Sino-Forest (TSE: TRE.A) A STOCK FOR THE FUTURE!!
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To: Grant MacMillan who wrote (127)1/28/1999 3:13:00 PM
From: mick  Read Replies (1) of 265
 
Why Pay More ???

Those Wood Gundy clowns think this stock is worth $ 4.50. Its incredible that people would pay so much for a company with positive earnings growth of 50 % in a country with the worlds largest population for such a complex business as cutting tree's into little bits of chips. They can't use that much paper, can they ?

Still, you got to wonder. Maybe with these guys flogging it, we could see a price increase. Maybe we could even see $ 1.60 by the end of the year. Just don't get to greedy. Sell if it ever gets past there.

Here's the article if you are interested.

PS They get typhoons there don't they ? Better sell now in case one comes along.

Post says Wood Gundy has $4.50 target price
Sino-Forest Corp TRE.A
Shares issued 37,100,000 1998-08-17 close $1.4
Tuesday Aug 18 1998

The Financial Post reports in a Hot Stock corporate profile in its Tuesday edition that Sino-Forest is harvesting record earnings amid the growing economic turmoil in Southeast Asia. Reporter Michael Lewis notes that Sino's business includes timber harvesting, plantation maintenance and the processing of wood chips used to make pulp, the key ingredient in paper. CIBC Wood Gundy Securities has a "solid buy" rating on the stock and maintains its 1998 earnings per share estimate of 30 U.S. cents. Wood Gundy has a 12-month target price of $4.50 on the stock, well above the consensus target of $4.09. The shares rose five cents to $1.40 on Monday.

(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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