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Microcap & Penny Stocks : Madera International - Symbol WOOD -- Ignore unavailable to you. Want to Upgrade?

To: Proletariat who wrote (245)	1/13/1999 10:19:00 AM
From: Richard L. Williams	Read Replies (1) \| Respond to of 1979

Well, WOOD is getting hit hard by selling, but the reality of the situation is this: Madera gets paid in dollars for its lumber, pays for it in Reals in Brazil...if the Real is devalued by 10%, then Madera's profit margin just up by that. Is that good or bad? You tell me... Exports are important for Brazil to recover from this...the exports will keep shipping. Madera won't go out of business. That being said, it's very possible that there are a lot of serious margin calls going on out there, and we may see a lot of selling of WOOD because of that--or just plain panic. I see this as a buying opportunity, but don't ask me to call the bottom. All IMHO. Cheers! Rick

To: Proletariat who wrote (245)	1/13/1999 10:27:00 AM
From: John T. Hardee	Respond to of 1979

Brazil is going to see some pull back in some of the companies which support Madera over there in Brazil. But the only company over there doing some real big business is the shipping ind. The Freta Shipping lines are still moving over there. Madera can always go to Mitsui a foreign line which they used in the past. We are going into the rain season now and Madera does not do much shipping due to the Amazon flooding. In general Madera will do the same as it done last year cutting and moving wood to the U.S.A and other ports. We will still see Madera cutting more wood in 1999 using the strong U.S.A dollar. The internet business is designed to bring steady money to Madera all year around.