Forum Archive Index - May 2001

["P Robinson" <fire_appliance@hotmail.com>]

About comments on Frucor,

I do not know if I could be classified as a Frucor fanatic, but as far as 
their strategy and progress is going I am still 100% behind them, and have 
not sold.

I think you will agree with me when I say that an growth company will have 
hiccups in their strategy and progress...let me draw your attention to

Frucor Beverages Group (NZSE:FRU) - Problems with UK distribution.

Waste Management (NZSE:WAM) - Not getting the Auckland Rubbish Collection 
contracts caned their price and they are still down.

The Warehouse (NZSE:WHS)- Australian growth problems that I am sure you will 
all be aware of, they were caned also and have only recovered partially.

Computershare (ASX:CPU)- Analysts doubts about their ability to reach their 
goals in the US share registry market, this was followed by a
sharp sell off. Only partially recovered.

I don't follow Comsoft (NZSE) , but I read that they have had problems with 
their receivables and therefore have suffered from a huge selloff.

Going back a little Sky City (NZSE:SKC) was hit when the reds came to power 
about the regulation of casinos in New Zealand and the possiblity of 
increased taxation. They when to low 6 or high 5 if my memory serves, they 
have recovered fantastically.

So I just wanted to make the point that when you buy into a growth compnaies 
story you really have to be prepared for a few upsets along the way. A large 
part of my portfolio is Frucor Beverages Group Limited and I am considering 
increasing my stake at this low price.

Just my thoughts
Phil
(Hold FRU & SKC, but none of the others mentioned)

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