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Gold/Mining/Energy : Position Trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: Bill Rinker who wrote (1318)	6/22/1999 11:09:00 AM
From: Wizzer	Read Replies (2) \| Respond to of 2259

Sorry to post an NR fellows, but I don't know if Bill saw this.-Wiz <eom> Algoma Steel Inc - NP says Algoma "vulnerable" Algoma Steel Inc ALG Shares issued 52,613,255 1999-06-21 close $2.27 Tuesday Jun 22 1999 The National Post reports in its Tuesday, June 22, edition that Dominion Bond Rating Service assigned a B (high) rating to Algoma Steel, with a stable trend. The National Post's Investing column reports that the rating reflects a company with weak profitability, a highly leveraged balance sheet and poor coverage ratios. Algoma has a weak financial position that is "vulnerable to several external and internal factors," says DBRS. The rating agency notes that, like other North American steel producers, Algoma has had to deal with competition from low-priced imports, which has resulted in lower North American steel prices. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)