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Gold/Mining/Energy : Avenor (avr-tse) - Repap buyout (rpp-tse) -- Ignore unavailable to you. Want to Upgrade?

To: FundAce who wrote (284)	11/6/1997 10:14:00 AM
From: FundAce	Read Replies (1) \| Respond to of 290

Moody's earlier this week announced "confirmation" of Repap Senior Debt at "B2". Secondary debt was also confirmed, but I don't have this info right here. Bottom line, Moody's has seen improvement at Repap. Moody believes that Repap will be current on its debt obligations through 1998. Again, I am very bullish on Repap long term - why? As debt goes down, and it is, Repap will become a more attractive take our over target. I expect someone will be knocking on Repap's door in about one year. In the meantime, I expect profitable quarters to commence, starting with 4th of this year. Either way, this appears to a good investment. On the downside, if the coated market collapses, then Repap will have problems - but for know, their market looks quite solid. Fundace