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Gold/Mining/Energy : Envoy Communications Group (TSE : ECG) -- Ignore unavailable to you. Want to Upgrade?

To: blue_chip who wrote (55)	5/25/1999 12:04:00 PM
From: Moneysmith	Read Replies (1) \| Respond to of 274

What some top fund managers say about ECG.... -- Top Toronto Fund Managers Tell Stockhouse.com: More Upside... -- Ahead for Envoy Communications Group Share Price SARASOTA, Fla., and TORONTO, May 24 /CNW/ -- Two portfolio managers of leading Canadian mutual fund groups told StockHouse.com that they believed shares in Envoy Communications Group (Toronto: ECG) would climb higher. Said Ed Ho of Dynamic's Small Cap Fund, "I think I'd be negligent to say I think it should be a $30 stock or a $20 stock or even a $15 stock, but when it gets to $12 in the near term, I will review that and see where the progress has been. That's one stock where I sort of have to watch as it develops because it's developing so fast." Steve Misener of the BPI Small Cap Fund told StockHouse.com after he was asked if Envoy could head higher, "Oh yeah. We don't have any doubts on the revenue side because we think it's well managed and the trend's in place. From a stock price perspective certainly, well the stock has moved of late. We think that the story's still just in the discovery mode..." Misener added in response to another analyst's forecast of a price target of $15, "I'd say our expectations are perhaps a little more modest than some, but we still see great upside in the stock." Earlier interviews with David Wong of Canaccord Capital and Gene Vollendorf of Bissett & Associates were included in the roundtable discussion for comparative purposes. Wong had set a 12-month price target of $15.30/share on Envoy. Vollendorf had previously told StockHouse.com, "Again, no reason why it can't be in the $15 range, sooner rather than later, and beyond that, $20." To view the online "Analyst Roundtable" on Envoy Communications Group, visit www.stockhouse.com. StockHouse Media Corporation is an Internet financial media information service company providing breaking news about North American stocks via their Internet publication, StockHouse.com. With over one million visitors per month, StockHouse has emerged as a leading, online, global financial content provider. A subsidiary, StockHouse Canada is the #1 Canadian financial web site, where an estimated 21% of Canadian online investors conduct investment research. StockHouse maintains offices in the United States of America, Canada, and Australia. StockHouse Contact (Media Only): StockHouse Media Corporation (U.S.A.) 1-941-365-5719 E-MAIL: mediastockhouse.com WEB: stockhouse.com in Canada, Contact (Media Only): StockHouse Media Corporation Joe Carusone 1-416-410-5554 WEB: stockhouse.com /For further information: Hilary Chiba, 941-365-5719, or e-mail,hchiba(at)stockhouse.com, or Canada, Joe Carusone, 416-410-5554, or e-mail,joe(at)stockhouse.com, both of StockHouse Media Corporation/ /Web site: stockhouse.com Symbols: CA;ECG US;ENVF Source CNW - Canada News Wire Categories: GEO/CA NWR/FL NWR/ON NWI/MLM NWI/FIN