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Gold/Mining/Energy : Franco-Nevada (FN - TSE) - zero debt, cash rich royalty co. -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (345)	9/10/2000 9:58:39 PM
From: Traveling Man	Read Replies (1) \| Respond to of 511

BBOB, I have continued to hold,hoping at least for a small jump in shareprice so I can exit more palatably(optimist to the end!). On what I would hold as a gold hedge. Personally,I would do as Peter Lynch recommends. He says IF your reason for holding is waiting for an AU bull market,hold the shares of a company that has VERY small profit margins. This way,WHEN AU runs,the price of it's incremental $1 increase per oz. and the leverage that has on the bottom line of a small profit margin producer at lower prices is more dramatic than holding a overall better quality company with higher profit margins. In other words,excellence and quality are NOT what you want if you're stricly gold/inflation hedge investing. Myself,I never held FN as a hedge. It was a high quality investment and a rise in AU would have been a bonus. Also,I cannot invest this way,it runs against my grain. I want high quality in each case. TM