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Gold/Mining/Energy : SASKATCHEWAN WHEAT POOL ( SWP.B - TSE ) -- Ignore unavailable to you. Want to Upgrade?

To: Kitskid who wrote (16)	6/18/1998 2:01:00 PM
From: Marcman	Read Replies (1) \| Respond to of 47

The company's president is on the front page of the Globe & Mail Report on Business today predicting lower earnings over the next couple quarters. Some of the reasons are already metnioned on this thread; the lack of rain in Sask this year is another reason. Some farmers are actually using the word drought and that will have a bad effect on SWP's bottom line this year. The fact that SWP lost money in the last quarter started this spiral, Larson's front page comment just pushed it along. Over the long term, this is till a great investment. There will be good years and bad years, but through them all, this is a solid company. Because I have yet to buy any SWP, despite following the company for some time, I view this as a great opportunity to buy at a 33% redution -- and I likely will. Being a Saskatchewan resident, it gives me a chance to own a bit of home. For the same reason, I'd also recommend you look at another Sask company: Cameco. Its price has been hammered lately and is now, like SWP, in the bargain range. GLTUA, Marcman

To: Kitskid who wrote (16)	6/25/1998 4:34:00 AM
From: Glen McGlaughlin	Read Replies (1) \| Respond to of 47

Alec;sorry for the delay in responding to your inquiry.I have been too busy dumping the 4.75" of rain that fell on my farm last week!Despite the prospects for a near average crop,cash flow and net earnings in 98 from the sale of that crop could be down 25-30% due to the sharp drop in US wheat prices over the last 4 mths. Most of last years crop has been delivered and sold,therefore SWP's 4th qtr earnings will be sharply lower than last year.This scenario is already exerting downward pressure on share prices.To-day SWP closed at $16.75. I would not rush in to buy just yet since we could see $15 tested over the next 90 days if Q4 is as weak as many think.Certainly if one takes a longer term view SWP at $15-$16 should be an excellent buy,but it must be patient capital that is not needed for 18-24 mths. Just my opinion from the ranch. GRM