Forum Archive Index - December 2001

["michael gore" <michgore@paradise.net.nz>]

Hi Ruth,

Where did Gareth Morgan publish this comment? 

My reasons for liking FFS:

-trading way below asset backing

-resolution of CITIC dispute, if it ever happens, should have positive effect

-Aussie building industry picking up a little

-currently it seems to me at or near to bottom of cycle

-as Snoopy points out, they claim to be profitable

-lots of shareholders have entry price way above current levels and may be reluctant sellers, especially if the shareprice showed some signs of recovery

-they just might recover some of the debt on the North Island forest

-I'm just plain feeling contrarian

Michael

(holding FFS, entry 35c)

 

 

----- Original Message -----

From: capitalist

To: sharechat@sharechat.co.nz

Sent: Saturday, December 22, 2001 5:50 PM

Subject: Re: Re: Re: [sharechat] Picks for 2002

Hi Snoopy,

 

I agree with you! I have recently bought FFS although  my hero, Gareth Morgan says there will be blood on the floor with forestry, I am hopeful  the shares will exceed 30 cents. I always value your opinions, dear.

 

Ruth