Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: George Mousis who wrote (4516)	1/17/1998 11:11:00 PM
From: Kerm Yerman	Read Replies (1) \| Respond to of 24928

George / Morrison Middlefield It would appear that MM's growth has flattened out and I sense shares in the company will stay lower than $10.00 for some time. Current earnings and cash flow would appear attractive at first glance when comparing on a year to year basis. On a quarter to quarter basis, these numbers are beginning to decline. I think the company saw this coming and has been attempting to position themselves for solid growth in the years 1999/2000. Probably this time next year would be appropriate to take another look at the company for investment. They raised $28 million back in September which was a good timely move. Keep in mind, Northstar Energy owns 25% (double check the percentage) of Morrison Middlefield. I had been down on the company because of the debt they inherited with their acquisition, but recent developements have been positive and shares at slighly more than $8.00 appear cheap. I would be a buyer of Northstar shares. Any success down the road with Morrison Middlefield would create additional value to Northstar shares. One man's opinion, this time it was mine.