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[sharechat] wri - never a dull moment reply by macdunk.

From:	"Duncan MacGregor" <d-m_macgregor@xtra.co.nz>
Date:	Thu, 18 Dec 2003 18:05:02 +1300

HI ROBIN
               WRI are certainly going through an Interesting stage.    If we look at the basic fundamentals of the business, the shares should drop In price.       The profits must decrease, the dollar Is to high, farmers are having a bad time and wont spend up.
However we have the situation where one large Investor has been joined by another, taking advantage of the bad times with a long term strategy In buying up large.      What this means Is the share price may surprize with a few more wild swings dependent on what the Intentions of the main contenders are.    I wont be buying In the share price by rights will come down but who knows what happens when they games begin.
               cheers macdunk

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Re: [sharechat] wri - never a dull moment reply by macdunk. Robin Benson

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