To: Larry Gene Ludiker who wrote (81 ) 1/7/1999 11:27:00 AM From: Lance Read Replies (1) | Respond to of 1979
Hey folks... I like this post from Raging Bull so I thought I wood <G> post it for you... Madera International Post #123 of 126 Madera International(WOOD) Message List: [Most Recent | Previous 60 | Next 60] Real Time Quotes BigCharts Free Email < Previous Respond Next > By: Dont6g0l2 Reply To: None Thursday, 7 Jan 1999 at 5:42 AM EST Post # of 126 The base price for this stock will soon be $.50. Those of you who have read the SEC filing carefully will know why. Another reason for a $.50 base is that the book value of the company is $.50. The P/E multiple for the industry is, I believe 4x. Nevermind the P/E multiple for E*Commerce! I dislike the RA! RA! tone of message boards in general. I am suspicious of all stocks by nature. I cannot find any information on this company that says anything other than this company is completely legitimate. Their environmental practices seem to be unusually sound for the industry. All of the members of this family, (most of the company is run by one family), have a very long history of working in the tropical lumber industry. Even without the E*Commerce site this is a very attractive stock to own. With the E*Commerce site it is, in my opinion, the single best stock I have seen since I began trading a year ago. Ignore the spam and the hype, there will be tons more of it. Be patient if the site is slower than expected in coming out. I think the company was overwhelmed by the response to the trading volumes and price rise and realized they had a much greater economic opportunity than their wildest dreams could imagine. Consequently, they are making sure the site is what it shoud be. In my opinion, the E*commerce site will make their lumber business pale by comparison Anyway... He has a point about not being able to find anything derogatory about the company...neither can I. He is also correct about the valuations...(maybe a bit high on PE but close), and is correct about the fact that the valuation does not include the E-commerce division. Lance