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Gold/Mining/Energy : UNDERVALUED CANADIAN COMPANIES -- Ignore unavailable to you. Want to Upgrade?

To: Ciao who wrote (188)	4/6/1998 11:27:00 AM
From: Praxis	Read Replies (1) \| Respond to of 248

I'd like to put forward RNK on the TSE as a very undervalued company. They just wrote off a massive technology upgrade which cause the shares to take a hit, now trading around $3.80-3.90. Rainmaker is a digital post-production company that is basically unique in North America for their service mix. There is a thread on SI, consistent rev and EPS growth above 20%, No debt, strong balance sheet. They also do the post-pro work for shows like X-Files, Millenium, Outer Limits etc. and have become a growing presence with their opening in California. They're based out of Vancouver, have got expenses well in hand, great mgmt. team. They also do processing etc. through their gastown subsidiary. This stock was undervalued at $4.55 before they took the upgrade hit, they're trading below book value and relative to their peers should be trading at well above $6. Also, they have an excellent website for those interested.

To: Ciao who wrote (188)	5/12/1998 3:00:00 PM
From: Ally	Read Replies (1) \| Respond to of 248

Signature Brands SBX/TSE - very undervalued stock Stock trading at 8 cents, making a total capitalization of only $1.8 million (23 mill shares outstanding)!!! This amount can be considered a steal considering that Altamira paid $3.2 million preference shares, new investors pumped in over $3 million new financing, and the bank extended a long term loan (about $5mill)... all these re-structuring/financing taking place only a year ago!! Revenue this year is estimated at $20 million. Price to sales ratio of only .08 !! Company has two manufacturing outlets... producing tortilla chips and other Mexican snacks. Why is the stock so cheap? (1) The general manager of the Vancouver plant ran over to a competitor taking some large accounts with him (2)Competitive pricing pressure on margins causing concerns on profitability. But then, at 8 cents per share for a $20 million sales food manufacturing concern.... the reward/risk ratio is favourable. Most one will lose is 8 cents if company goes bankrupt, but the chances are, with the financing/re-structuring only a year old, the company will overcome present problems!