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To: Challo Jeregy who wrote (19665)4/20/1998 1:55:00 PM
From: jbe  Read Replies (1) | Respond to of 95453
 
Challo, you ask what I think about CRLBF's going down today.

I don't think anything. (My "pick of the week," NR, is down by even more.) After all, CRLBF has produced 4 big positive earnings surprises these past 4 quarters, and there's no reason I know of to think it will fall short this quarter.

I can only guess.

Perhaps the decline is because CRLBF has held out so well throughout the massacre that began last October. As a matter of fact, its price today is well over its October highs. And its p/e is way up there -- around 40. Buyers may well feel it is not that much of a bargain, compared to other stocks that have had a much rougher time. So, it's somebody else's turn today.

jbe