Forum Archive Index - September 2003

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

Hi Dean,
 
>
>  - hope you are right about the price prediction!
> 
> Dean
> 
> disc hold WRI
> 

Well in saying I think WRI is a $2 stock, I remember when Ron Brierley 
said the same about BRY back in 19whenever.   Because of the BRY 
share consolidation, that equates to a BRY share price of $4 in today's 
terms.   LOL!

I hope I haven't put the hex on WRI !   Personally I don't think so.   You 
couldn't get two companies more fundamentally different than WRI and 
BRY.    

Going back to Macdunks truck driver ratings....   According to 
'globalregister' POA is on a yield of 3.5%, and POT on 6.11% with 
PWC on 8.19%.    If WRI was $2.00 on a yield of 8% I don't think it 
would be too out of line with those.  WRI has much less debt than 
PWC and is not subject to the same sort of industry regulation.

Of course I wouldn't claim WRI is in the same league as POT or POA.  
But then an 8% yield reflects that.   WRI doesn't have to score as 
highly on the truck driver's index as those two for my prediction of a $2 
WRI to come true.

SNOOPY

disl: hold WRI



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"You can tell me I'm wrong twice, 
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