National Post Excerpt :)
HUGH CLELAND
Northern Rivers Capital Management
+4.8%
Callingit a "massive reset" in terms of economic growth, Mr. Cleland expectsthe global downturn to continue for a least two or three more quarters.However, with stocks having been crushed anywhere from 50% to 90%, hesays this is a good time to deploy cash and move out of fixed incomeinto selected equities.
Mr. Cleland recommends investors buygradually as there is likely going to plenty of volatility in themarket. Nonetheless, he said "we are being presented with remarkableopportunities" based on the assumption that we are not going into adepression.
Mr. Cleland is sticking with all three of his picks, noting that each remains on its secular growth path and will grow in 2009.
Webtechsolidified a deal with a Carlos Slim-controlled Mexican insurancecompany, which gives it great visibility. Neptune got approvals to sellnutraceuticals in Europe for the first time and should benefit from thefact that one of its strongest distributors is concentrated there.
Vendtekhad trading of its TSX Venture-listed shares halted in early March andneeds to re-file some financial statements. The stock is being valuedat its last bid price of 60¢, but Mr. Cleland thinks fundamentaldevelopments will help it recover from the hit it will likely take. Heanticipates the stock will begin trading again in May.
New allocation
Webtech Wireless Inc. (WEW/TSX) 33%
VendTek Systems Inc. (VSI/TSX-V) 33%
Neptune Technologies Inc. (NTB/TSX) 33%
For the entire article you can use the following link:
https://www.nationalpost.com/scripts/story.html?id=1493101
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If it re-opens at 60 cents in mid-May, the share price would
represent a 20+% discount from the last close, 10 Feb. '09,
at 77 cents - and bring the share price back to levels not seen
since January 2007.
And if so, and if all of this turns out to be a tempest
in a tea pot (discovered by management and overlooked
by the auditors) from a long-term perspective - then
we should be lining up for the unfairly discounted shares.
sincerely...
mrkarpov