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Gold/Mining/Energy : Avenor (avr-tse) - Repap buyout (rpp-tse)
AVR 4.010-4.8%3:59 PM EST

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To: william smith who wrote (80)2/21/1997 12:36:00 PM
From: Barron Von Hymen   of 290
 
That was expensive. I bought in in the low $2's. Hope things work out well. So what's the deal with the buyout?

The pulp and paper, technically looks like it's about to break out. Repap doesn't have that much downside. The return on equity is still attractive, although the debt is not. When the big board get's taken down by the tech's and comp's, the other laggard sectors are going to pick up. Although the professional analysts predicted pulp and paper would turn around a few months ago, Repap maintained it's slide. With merger mania developing over Abitibi Price and Stone, and the upgrade in ratings from Prudential, I believe Repap will at least recover to previous levels.

It was either Repap or Intel March call options.
Guess what lasts longer? Later
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