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Gold/Mining/Energy : PRUDENTIAL STEEL (tse:PTS)

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To: tango who wrote (52)4/14/1999 2:59:00 PM
From: BGraham   of 69
 
Tango: Good call on the sale! I was perusing the annual report lately. It is encouraging to compare the most recent 3 yr average earnings with the earliest 3 year average earnings as available in the ten yr summary. Even if you consider 1997 earnings a wild anomaly and use a 1997 earnings figure of only half the CAN $1.42, the growth in earnings over this period would still be the envy of a lot of Canadian companies.
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