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Gold/Mining/Energy : Dorel Industries (DII.B , M or T) good earnings report -- Ignore unavailable to you. Want to Upgrade?

To: Jay Arkay who wrote (69)	11/1/1999 11:05:00 PM
From: Hassan Lakhani	Read Replies (2) \| Respond to of 96

I agree with you, Jay, in that Dorel will probably yield a sizeable return if held for the long-term. With regards to my assumed PE of 17.5, the assumption that I make is typically in line with the historical PE. I have held a stock for too long on more than one occasion while waiting for a permanent rise in the PE ratio. However, with a PE ratio of only 14 (based upon expected 1999 earnings), it seems to me that the PE only has one direction in which to move. With regards to my 'selling discipline', I am Canadian (I live in Vancouver), so I hold stocks inside my RRSP whenever possible. On a separate note, you mentioned that you also own shares in Bombardier. I actually just sold my shares last week at $25.35 in order to buy back into Dorel, which I believe has significantly greater upside potential over the next few months. With Bombardier's PE at about 30, do you think it has much upside left over the next little while?