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Gold/Mining/Energy : Trailmobile Canada TMX (formerly MII)
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To: New Economy who wrote (326)5/11/1999 4:28:00 PM
From: Wizzer  Read Replies (1) of 406
 
New Economy: I'm sure that Trail, as most of us do, find Mond to have more potential than it is demonstrating. I was simply speculating on the possibilities, but still feel that this could happen. Trail spent around 15 million in Canadian money (roughly) to buy a controlling interest in Mond which seems really cheap. At over 100 million dollars in sales a year, Mond should be making at least 2-5 mill. a year or possibly more. Their sales have been steadily increasing over the past couple of years (*going by memory here*). This company does have good potential in the right hands. Trail may want a larger slice of the pie, but this remains to be seen.

Of course, we don't really know what is going on behind the scenes, but the Mond name is gone now, and replaced with Trailmobile Canada on all buildings as far as I'm aware. I also saw a Trail service truck the other day. This company is Trailmobile Canada, but the company stock name is still Mond. I don't have much experience in these situations, but soon the stock name will be changed and Mond will be officially gone. Don't know if they can officially change the name of the company, as they have done, without doing anything more.

Would appreciate some opinions.

Regards and Best Wishes,

Wisam
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