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

To: TimbaBear who wrote (2647)	12/5/1997 12:13:00 AM
From: jeffbas	Read Replies (1) \| Respond to of 78655

<< shifting more toward being a commodity >> Commodity base metal companies have always sold at P/E's that made traditional gold companies P/E's look like they were from a different planet. If gold is becoming more like a commodity, then I would be careful about using historical P/E's as a measure of how cheap they are.

To: TimbaBear who wrote (2647)	12/5/1997 10:27:00 AM
From: Scott Mc	Read Replies (1) \| Respond to of 78655

Timbabear, If you want to buy Barrick, IMO a better way to approach it is through Trizac Haln(PeterMunk) convertible bonds.. TZH holds a large position in Barrick and off sets it with the bonds... TZH should continue to pay the interest even if Barrick goes tits up (TZH primarily Real Estate now) so there is a more safety, higher interest vrs a very small div on Barrick and the premium is pretty small... Anyway I have a positions in both.. Scott (TZH.UV and I think UW trade well below par in US$ on TSE with coupons of 3 and 3.25%)