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Gold/Mining/Energy : Yogen Fruz IT'S ALIVE, IT'S ALIVE -- Ignore unavailable to you. Want to Upgrade?


To: Bruce Toy who wrote (785)11/11/1998 9:01:00 AM
From: Aloysius Lo  Read Replies (1) | Respond to of 2453
 
The Globe and Mail reports in its Wednesday, Nov. 11, 1998 edition that Yogen
Fruz World-Wide shares fell to their lowest point since April, 1997, yesterday as
investors fretted that the company's fourth quarter financial results, due out any
day, may not measure up to their high expectations. The Globe's Angela Barnes
writes that yesterday A shares dipped to $4 before rebounding to close down 30
cents at $4.60 in heavy trading. Yesterday's loss followed on a 65 cent slide on
Monday. Investors worry the results could be deflated by a weak performance
from some of Yogen Fruz's international operations, particularly those in Thailand
and South Korea. Onetime charges and a steep rise recently in the price of butter
fat, a key ingredient in the company's products, are also feared. Maison
Placements Canada analyst Bob Gibson had earlier thought Yogen Fruz might
earn 21 cents a share in the three months ended Aug. 31, but now thinks its profit
will perhaps be close to 12 cents or less. Mr. Gibson says most analysts had
higher estimates than 21 cents.