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.

Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: fishweed who wrote (17605)	1/27/2004 12:18:19 AM
From: Condor	Read Replies (1) \| Respond to of 48463

Hi fw, I do not follow that sector or the company. Sorry. I see they have been downgraded by several. There must be more encouraging stories out there, no? Where is it going now? bigcharts.marketwatch.com Cheers C ++++++++++++++++++++++++++++++++++++++++++++++ Molson Inc (C-MOL) - In the News Globe says Molson warning uncaps slew of downgrades Molson Inc MOL Shares issued 127,223,581 MOL.A Jan 16 2004 close $ 30.20 Monday January 19 2004 In the News The Globe and Mail reports in its Saturday edition that Molson's non-voting Class A stock took it in the chin Friday, hitting a 52-week intraday low of $28.50 before finishing the session off $4.86 at $30.20 on the Toronto Stock Exchange. The Globe's Bertrand Marotte writes that Molson issued a warning late Thursday it expects earnings before interest and taxes to grow 2 per cent or less this fiscal year, and that it even may not grow at all. Its original growth target was 14 per cent. The brewer blamed the reversal to slower growth in revenue and earnings in parts of Canada and on a 23-per-cent volume shortfall in Brazil for the third quarter compared with the same period a year earlier. The surprise disclosure resulted in a slew of downgrades Friday to financial analysts' one-year stock price targets and earnings per share forecasts. Analysts also questioned Molson chief executive officer Dan O'Neill's Brazil strategy and whether the problems there are capable of being fixed. Brazil was supposed to be Molson's growth story, says The Globe. TD Securities analyst James Black pegs a potential writedown in the carrying value of the Brazilian assets at about $700-million.