Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Sino-Forest (TSE: TRE.A) A STOCK FOR THE FUTURE!! -- Ignore unavailable to you. Want to Upgrade?

To: Gulo who wrote (253)	2/1/2001 4:40:41 AM
From: Praxis	Read Replies (1) \| Respond to of 265

From reading over their financials, it seems they are subordinate to the class B shares. One thing that strikes me as odd and rather questionable is the byzantine share structure, the multiple voting class 'b' shares have such hold over the ownership of the company that it seems a way of 'installing' management no matter what the shareowners think. In other words, they're there until they 'want' to leave. Either way, I bought a few large chunks at .98 and it's now at 1.19 so already I've done extremely well on this. If they continue the revenue growth on this and we get a few more funds involved we could easily see 2.50 by end of year, especially if their earnings come in as or better than expected at end of Feb.