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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (22524)	11/16/2005 6:22:55 PM
From: Paul Senior	Respond to of 78751

I still have a few shares. Odd name change - harkens to its roots, but doesn't simplify things for US investors coming across this stock. Also, I've reclassified this stock in my portfolio. Even with my weak dd, I would've assumed I at least got their major business right. Apparently not. Here's how Yahoo describes/described their business (and which they categorize under "financial" "investment brokerage"): "MFC Bancorp, Ltd. and its subsidiaries operate in the financial services market, primarily in Switzerland, Germany, North America, and Asia. The company’s principal activities focus on merchant banking, including financial advisory services, proprietary investing, and trading activities. Its banking, finance, and advisory activities are conducted through its wholly owned subsidiary, MFC Merchant Bank S.A. The trading of commodities and natural resources activities, conducted through the company’s subsidiary, MFC Commodities GmbH, include purchasing, selling, and product swaps of commodities and natural resources. The company serves small to midsize public or private companies from a range of industries and profiles." Here's how the company describes its business though: "KHD Humboldt Wedag International Ltd. (formerly: MFC Bancorp Ltd.) ("KHD"), is a world leader in supplying proprietary technologies, equipment and engineering/design services for cement, coal and minerals processing. KHD through its subsidiaries offers their clients all over the world engineering services, machinery, plant and processes as well as process automation, installation and commissioning. The services include staff training as well as pre- and after-sales services through to feasibility studies and financing concepts. This array of supplies and services includes, in particular, the modernization of existing facilities for capacity increases and, for reducing the specific energy demand and the burden on the environment. KHD's largest subsidiary KHD Humboldt Wedag GmbH ("Humboldt") founded in 1856, designs and builds plants that produce and/or process cement, beneficiated coal, clinker, base metals and precious minerals. The Company has more than 900 employees worldwide, and has operations in India, China, Russia, the Middle East, Australia, Africa and the United States." Before the change, MFC distributed to shareholders shares of its holdings in Blue Earth Refineries. A cigar butt African cobalt mine. Unfortunately for me, I upped my few shares a little, and I'm underwater on these holdings. finance.yahoo.com Given the sector KHDH seems to be in, I suspect there'll be new customer orders for KHDH services, and the stock could do okay going forward. I am considering adding to my few shares.

To: Madharry who wrote (22524)	11/16/2005 7:54:57 PM
From: MCsweet	Read Replies (2) \| Respond to of 78751

KHDH, I own some. They have a great track record, but are kinda sleazy. For that reason, I own some, but haven't backed up the truck for them. I have owned one of the stocks they manage IJX --> CMQ. They have managed to destroy some value there (which pocketing handsome fees), but the jury is still out on that one. By the way, LTCM had a great track record until it blew up --- just a word of caution on historical performance. I checked with my one of Canadian experts about EDV.to. He loves miners and energy trusts, but wouldn't touch this because it is a black box operation. According to him, you really don't know the value of what they own. It could be an awesome outfit, but who knows. The last black box outfit he owned was Enron, so he is hesitant to buy. Good luck, MC