Forum Archive Index - October 2000

["hugh webber" <hugh.webber@clear.net.nz>]

anyone buying forestry stocks after reading Buffetology deserves
what they get. Its a commodity stock if ever there was one.
And there have been articles lately pointing out that all sorts of 
wood substitutes are now competing fiercely in the US on price and
quality in joinery and against wood as a material. Steel and aluminium
fittings, concrete and concrete products, brick, all sorts of plastic.
Where's the reliable growing strong cash flow?
Anyone looked at Carter Holt's gross yield lately? 3.7%. Ha ha ha.
Those funny guys who write about the yield on forestry projects in 30
years time....will they be there fronting up explaining to you in 30 yrs
time?
Try some Buffett stocks instead.

cheers,
Hugh

----------
> From: Gerry Tyler-Smith <g.tylersmith@ext.canterbury.ac.nz>
> To: sharechat@sharechat.co.nz
> Subject: Re: [sharechat] Tony Haddon's comments on FFS
> Date: Friday, 6 October 2000 22:14
> 
> Jeeze, Tony, I'm glad you're not my father, husband, or son, if this is
an
> example of your haste to judgement.
> 
> Why are we all investing, if not bouyed up by hopes of rising share
> prices,through either earnings, acts of God or governments or corporates
?
> 
> In terms of assessing the fundamental value of a company, that too, is
> subject to vagaries of world economies, as well as environmental, legal,
> infrastructural and market issues  (plus what this same  company choses
to
> disclose through its accounting and reporting methods).   Purchasing a
> share with an NTA of $1.69 at even such a herd-following high of 90
cents,
> is hardly the act of a reckless or feckless speculator. I am truly awed
at
> your absolute fiscal understanding of a company in an industry  complex
as
> forestry.
> 
> PS: What is this 'pees me off'?  If you're gonna cuss, cuss like an
adult.
> 
> 
> 
> >    Any one being hurt by the Fletcher movement  has only themselves to
> >blame for getting sucked in by rumour . If you're happy  to speculate
then
> >you should be happy to accept the consequences of your own  actions
> >instead of casting about for a scapegoat. This has become  classic kiwi
> >behaviour of late, and quite frankly pees me off.      IMO  no offence
> >intended   Tony Haddon
> 
> 
> 
> 
>
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