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Gold/Mining/Energy : Magellan Aerospace Corp (MAL) New Listing -- Ignore unavailable to you. Want to Upgrade?


To: Ian A. who wrote (384)5/5/1998 6:27:00 PM
From: esterina  Respond to of 633
 
Great News. I think the stock will pop up tomorrow. Great company and a real turnaround. Have been in for 2 years at .99 before reverse split. Analyst are hot on Magellan, but I don't think the public is too aware or Mal.
Good Luck.



To: Ian A. who wrote (384)5/6/1998 10:21:00 AM
From: Dennis Lefebvre  Respond to of 633
 
Ian A.,

I live here in Kitchener Ontario and Chicopee is a very respected company and I would think that because of their talent in the aerospace industry they are a great FIT with Magellan (Mal)

It is a very positive move as you will see in the coming months and years.

Regards,

Den



To: Ian A. who wrote (384)5/6/1998 10:58:00 AM
From: Dennis Lefebvre  Read Replies (1) | Respond to of 633
 
Hi Ian A.,

Here is a second opinion..........

Post says mystery analyst beating the drum

Magellan Aerospace Corp MAL
Shares issued 2,821,000 May 5 close $9.30
Wed 6 May 98 In the News
The Financial Post reports in its Wednesday edition that shares of Magellan
Aerospace fell 20 cents to $9.30 on the Toronto Stock Exchange on Tuesday,
on volume of 17,000 shares. Market Action columnist John Greenwood says
that Toronto-based Magellan, Canada's second-largest publicly traded
aerospace company, has agreed to buy Chicopee Manufacturing for an
undisclosed sum. Chicopee is a closely held aerospace parts firm based in
Kitchener that is expected to have 1998 revenue of $45-million. The deal is
very positive for Magellan's stock and it will boost earnings, according to
one analyst, who demanded his identity not be revealed.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

Den