Forum Archive Index - September 2001

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Warner,
>
> 
> PS. How are FIG stocks doing?
> 
>
Given that we haven't really determined the 'value' bit of the 
equation there aren't any ;-).

But if you mean those that have passed the first screen, they are all 
holding up well compared to a year ago.   Baycorp and Auckland 
International Airport and Telstra have come back a bit.   But there 
have been a few revelations about future earnings projections which 
could explain that.  

Michael Hill, Port of Lyttelton, the Warehouse, Westpac Trust and 
Sky City Casino (in P/E terms the cheaper ones) are all looking good 
(in relative terms) I think.   Despite the events in New York, you 
would be looking at a small profit over the last year if those were 
the eggs in your share basket. SNOOPY


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