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Gold/Mining/Energy : Canadian Small Cap Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Scott Mc who wrote (71)	4/17/1998 5:29:00 PM
From: Jay Arkay	Read Replies (2) \| Respond to of 512

No one has yet responded to my earlier suggested five small-cap stocks, which I posted on April 9th (reply #44). From time to time I shall try to keep tabs on how they have performed relative to the overall market (TSE 300 index). So far, with just over a week of trading, they are outperforming the TSE 300 by nearly a two-to-one margin. In my computations, I shall assume a portfolio equally weighted at the outset in the five stocks, so that I can simply average the precentage gains (or losses) of the five. For American Eco, I shall use the Nasdaq prices rather than the TSE prices (ECX on TSE), as the former are much more liquid and representative; I shall ignore the exchange rate fluctuations on this one, for simplicity. Prices in each case are the close for the day (or the last previous close if the shares did not trade that day). Stock April 8 April 17 %change Global Election Syst (TSE:GSM) 2.05 2.12 +3.4% Far West Industries (TSE:FWT) 1.20 1.20 0% Breakwater Resources (TSE:BWR) 2.35 2.89 23.0% Leroux Steel (MSE:LER.B) 6.50 6.80 +4.6% American Eco (NASDAQ:ECGOF) 8.80 8.188 -7.0% AVERAGE FOR THE FIVE +4.8% TSE 300 INDEX 7571 7765 +2.6% Sorry about the American Eco performance; they reported very bad first quarter earnings this week and also much lower expected earnings for the balance of the year than most observers had been anticipating. But hey, let's see what happens with this bunch even keeping Eco in the lot; their longer term outlook remains good, and they are still good value on a PE basis. Jay