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Gold/Mining/Energy : Noranda (TSE;NOR) -- Ignore unavailable to you. Want to Upgrade?


To: reg who wrote (20)12/21/1997 8:15:00 PM
From: TheMajor  Respond to of 197
 
Hello Glen:
Not sure what is going on unless investor sentiment is growing as NOR gets closer to divesting/consolidating its operations. Given the somewhat negative sentiment towards commodities at this time, combined with misfortunes in Asia, positive movement in stocks such as NOR should be seen as a real plus!
For what it's worth, I don't see too much downside in NOR at this time, maybe a couple of bucks at the most, but at some time, the business cycle has to view NOR's activities more highly than it does now. I believe an earlier high of $33 +/- can be attained again in '98. In the meantime, you should already have had the December dividend, so invest in a single malt or your favorite poison and reflect on the quarterly income while anticipating future capital gains.
Kind regards, an enjoyable holiday season and a productive '98
TM