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

To: David T. Groves who wrote (940)	1/27/1999 12:16:00 PM
From: Janice Shell	Read Replies (4) \| Respond to of 1979

As I've said, at the moment my chief perplexity is why land that is, according to SEC filings, worth $28 million suddenly triples in value, just as the Brazilian economy tanks and the real suffers an effective devaluation of nearly 30%. I'd be inclined to think the property in question was conservatively appraised for the filings, but.... This question can no doubt be answered, perhaps satisfactorily. I'm merely pointing out, as I did yesterday, that the market's valuation of the stock is not insignificant. When there's a huge discrepancy between what Mr Market thinks and what the company and its shareholders think, it's a good idea to try to understand why. I imagine one factor, though probably not the only one, is the situation in Brazil. It'd take a fair amount of reading to get a grip on what effect this crisis is likely to have on companies like WOOD. For example, recently the government raised interest rates, which were already quite high. Will this have any impact on WOOD's business? And so on...