Forum Archive Index - June 2000

[Phil Eriksen <phil@acepay.co.nz>]

Warner Lamb wrote:
> 
> Very good analysis,with figures to back up.Thanks.Also overhanging is
> Sealord saga and poor AIRVA price.Brokers seem to dislike BRY immensly.There
> does however seem like some short term upspirts are possible as we have seen
> to 48 cents briefly,at this price it makes good % but really seems like long
> term recovery stock overall.The chart shows a big long downtrend about to
> touch record lows at 30c .....last time it rallied from there...who knows???
> Warner

I've stayed on the sidelines with this BRY discussion, but I've given
them a long hard look lately.  One of two "punt" stocks i've been
considering/trying to time for a short play, but the more I think about
it, I just can't do it.  Frankly, im closer to buying the other one -
and thats ITCOD!!  

My main problem with BRY is that regardless of what happens with
Thistle, BRY have shown a liking for empire building - ie, they ain't
gonna return the funds to shareholders.  So the question then is if they
flick off Thistle, what do they do with the money?  E-commerce in Asia? 
While I can see short term 'dead cat" upside re the share, I struggle to
see the upside for the actual business.

Cheers,
Phil

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