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Gold/Mining/Energy : Yogen Fruz IT'S ALIVE, IT'S ALIVE -- Ignore unavailable to you. Want to Upgrade?

To: Ward Nicholson who wrote (1787)	8/3/1999 12:30:00 PM
From: fruzfreak	Respond to of 2453

I can't believe my eyes... Ward is back in the fold with a late-night post. If this isn't a good contrarian indicator, I don't know what is. Welcome back, Ward. Keep those "I-told-you-so's" coming.

To: Ward Nicholson who wrote (1787)	8/9/1999 3:03:00 PM
From: AGORA	Respond to of 2453

Good afternoon, Ward. No, we would not agree that Internet mania is finished. The majority of investors are looking at this latest downturn as an opportunity to buy low and hopefully sell high come September-October. Afterall, this exact same scenario played out in the summer of '98 and fortunes were made in the fall. As such, we don't expect to see any big money moving into value stocks like YF anytime soon. Having said that, we are still very long on YF as a value play and looking forward to the next set of quarterly results, which represent the current summer months. Given the ideal summer conditions throughout North America, we are expecting to see strong revenues and year over year growth. As long as YF continues to grow revenues, we won't worry about a couple of slow earnings quarters and believe strong profits will return as operations continue to consolidate. The fact that YF is trading slightly below book value of $3.00 is clear evidence that YF is undervalued. Nonetheless, in this investment environment, yogurt sales are too predictable for investors looking for quick riches through Internet stocks. Regards, AGORA