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Re: Re: [sharechat] Carter Holt

From:	"John and Beth Schwartfeger" <timestwo@xtra.co.nz>
Date:	Tue, 26 Jun 2001 14:38:04 +1200

Interesting how brokers are just as bigger guessers as we are although they have the advantage of more info than we do.

I had an email yesterday from a broker with a reduce recommendation for CAH. They downgraded their annualised FY02 EBIT forecast for CAH by 21% due to continued weakness in log and pulp prices. They reiterate their REDUCE recommendation.

It is a stock I have been looking at as a buy on the dips and sell on the peaks stock but they have pegged down further than recent dips so I am just watching them at the moment.

Cheers..John

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