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[sharechat] MAKING MONEY IN A BEAR MARKET

From:	"ROBNEAL" <ROBNEAL@xtra.co.nz>
Date:	Thu, 11 May 2000 09:59:37 +1200

To make money in a bear market you need to go back to fundermentals. My pick would be to go for Fletcher Building -a stock that seems to of been over looked in the current surge of the Fletcher Letter Stocks.

EPS should increase to 30cents and if the dividend stays at its current level the risk involved with this stock is minimal. When there is an announcement about FFS you watch FLB shoot up to $2.50 thats a gain of 30% (on todays price of $1.92) with minimal risk.

Should the worst happen and the Fletcher Paper deal falls over , the world sharemakets crash, and nobody wants to buy Fletcher Forests you are still left with a good quality company that is making a profit and should recover quickly - so why invest in Tech Stocks that are so risky at the moment.

Cheers

Rob

Discloser- Bought Fletcher Building yesterday

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