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Gold/Mining/Energy : Kinross Gold
KGC 24.95-2.0%Nov 17 3:59 PM EST

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To: J-R who wrote (301)3/8/1999 6:31:00 PM
From: SwampDogg  Read Replies (1) of 530
 
An interesting point about the $2.80 price. I remember looking in the paper around that time and noticed that Trimark Funds up here in Canada had purchased a big whack of K stock. I thought how smart they were as they had just recently picked up a large amount of Ranger Oil at similar depressed levels. Trimark was doing what they do best as value growth managers assembling a great portfolio for the future. The problem was that they were not buying overpriced tech stocks that continued to run higher and higher. The public started to redeem their money and few months back Trimark fired most of their fund managers. I think you will get another chance and I'll be right there with you.
An article in the National Post (Canadian) a few weeks back highlighted Kinross. The article explained as to how Kinross management loves the low POG and hopes that it will stay lower for a while longer. They will make it through and they will continue to grow.
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