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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (18669)	9/12/2002 12:52:37 AM
From: Fun-da-Mental#1	Read Replies (2) \| Respond to of 36161

Frank, I think you're a bit hard on Sherritt. Yes they have significant debt, but they are still making a good profit after the interest payments. Their debt minus cash and investments is only about 60% of their annual revenue. That's similar to most Canadian oil producers, or better. And if "a P/E of 6 is too high for a mature company that doesn't pay a dividend", then MSFT should sell for $8 or less. However, that being said, I haven't held Sherritt stock since they acquired Luscar. I'm not sure that deal will pay off, and the recession has been hurting their business in general. By the way, what do you think about the Kinross merger? I was kind of expecting another announcement by now, but maybe these things take time. Fun-da-Mental