Forum Archive Index - July 2001

["ryanrite" <ryanrite@xtra.co.nz>]

Sold my fbu will buy back when price comes down
Athol
----- Original Message -----
From: i_claudius <i_claudius@xtra.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, July 11, 2001 10:55 AM
Subject: [sharechat] FBU Please Explain


> Why is Fletcher Building running so hard?
> I appreciate that the building materials sector in Aus is doing well and
> their construction market is looking brighter but FBU is predominately a
NZ
> domestic play apart from it's disastrous (and soon to be written down)
> activities in South America.
> Ralph Waters recently admitted nobody was interested in buying the steel
> division and CAH (materials competitor) is not doing much.
> Oh well,I can list a lot of reasons why FBU is overpriced but I'd really
> like someone to tell me why it's trading at these levels.My usual sources
> aren't telling me anything credible.
>
> Discl:short & nervous
>
>
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