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Gold/Mining/Energy : Royal Group Technologies, Ltd. (RYG) -- Ignore unavailable to you. Want to Upgrade?

To: zebraspot who wrote (162)	5/30/1998 9:16:00 AM
From: Julio P. Antelo	Read Replies (2) \| Respond to of 199

Everyone still hanging on? Stock's been hammered in this correction with the P/E dropping to about 27 which is pretty close to RYG's growth rate. Should the price drop any further (say below 26) that will, IMO, present a great buying opportunity. I've been looking for an opportunity to add to my position, it may be coming into view. Another thing, many housing stocks seem to be doing pretty well. Right now is a great housing market in North America (where RYG still derives the majority of its profits) so this can only mean that future demand for the company's product will remain strong. Once the 3rd qtr. numbers are in we'll be able to see if the company can beat that US $1.19 estimate for the year. Good luck to all. Julio