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Gold/Mining/Energy : Dorel Industries (DII.B , M or T) good earnings report -- Ignore unavailable to you. Want to Upgrade?

To: Jay Arkay who wrote (28)	11/18/1997 7:07:00 PM
From: Jay Arkay	Read Replies (1) \| Respond to of 96

Dorel gets yet another piece of positive coverage, this time in the widely circulated Money Digest, publication of the Investors Association of Canada (November 1997 issue). The title of the article is "Dorel Assembles Winning Formula: Agressive investors could find comfort in Dorel Industries' strong penchant for growth." There is not a lot new in this report, such as a recitation of the fact that Dorel now boasts 12 consecutive quarters of growth. It does note one point that is new to me, though: Given increased production efficiencies, Dorel management say that they can produce up to 25 percent higher output with existing facilities. Plans are also under way to shift the product mix from low margin to high margin lines, which could further expand Dorel's profits over the next few years. The report notes that many analysts are predicting 1997 earnings will surpass expectations, which already seems to be the pattern for the first three quarters. It concludes that "Aggressive investors looking for short-term capital appreciation in the next two years may want to consider this stock." Two years is short-term in today's markets? If the next two years for Dorel are anything like its last two years, the shares are a strong buy for almost any kind of investment portfolio.