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

To: G who wrote (1102)	2/2/1999 11:04:00 AM
From: telecomguy	Read Replies (1) \| Respond to of 2453

I wonder why the Market Makers and the institutions are so fixated on YF's Bottom Line? I can't believe that sophisticated investors bought YF for short-term earnings or dividend yield! For me, the important variables are market share, revenue, and development of new distribution channels. As long as these metrics are growing, YF will make lots of money down the road. I come from Small Cap, High-Tech sector where we concentrate on revenue growth, market share, and product development as the LEADING indicator of where the stock price is headed. To me YF should be evaluated on similar metrics - and not on quarterly profits. I mean, we are not talking about Phillip Morris or Exxon here where not meeting the quarterly profit targets or divident payouts cause horrendous stock valuation problems. YF has to aggressively develop new markets and grow their revenues through acquisition & co-marketing deals and as long as they are doing that, it is ridiculous to value them at 11 times earnings just because the old incumbent food giants are valued at that mulitple. We have to remember that these food giants are valued at 10 times earnings because they don't have any growth potential as a company - which is not the case with YF. So to claim that YF is merely averaging down to the industry norm by going down to 11 times earnings is simply incorrect analysis. The Q1 November 30 result is old news and based on very high butterfat price and for those of you fixated on short term profits, the rest of the year should be much better.....but don't buy YF for that reason.

To: G who wrote (1102)	2/2/1999 12:19:00 PM
From: Pawel	Respond to of 2453

Regarding First Marathon: biz.yahoo.com "TORONTO, Jan 29 (Reuters) - The brokerage arm of Canada's First Marathon Inc. agreed on Friday to pay C$500,000 for its involvement in a 1996 mining scandal that bilked millions from investors across North America. Toronto-based First Marathon Securities Ltd., Canada's largest independent brokerage, was fined C$4 million last year by the Toronto Stock Exchange and C$250,000 by the Alberta Securities Commission for its role in promoting former stock market darling Cartaway Resources Corp. (Alberta:CWA.AL - news) . . Regulators had alleged several former First Marathon employees quietly bought cheap shares of Cartaway and then engaged in a series of unethical transactions as the stock skyrocketed in value."