TRE.TO - Buy
I guess I haven't kept this up-to-date w/ my recent trade activity, but I'll see if I can keep it up-to-date from today.
Chart of TRE as of Aug. 3, 2005
Purchase Price
$2.75 Cdn
Company
Sino Forest Corp.
SINO-FOREST CORPORATION is involved in the growing and harvesting of eucalyptus, aspen and pine trees under long-term plantation programs in Southern China. The Company also manufactures, distributes and sells forest products including logs, wood chips, and forestry chemicals.
Reason
I just think it's done going down....more from just looking at the chart than anything. P/E is something really low, like 5.1, if you can believe it. I think the price of lumber products is depressed, and thus the low price, but I thought it's worth a shot. Also, they report earnings tomorrow.
Risk?
Risk seems low-medium. Will buy more if it goes to $2.
Chart of TRE as of Aug. 3, 2005
Purchase Price
$2.75 Cdn
Company
Sino Forest Corp.
SINO-FOREST CORPORATION is involved in the growing and harvesting of eucalyptus, aspen and pine trees under long-term plantation programs in Southern China. The Company also manufactures, distributes and sells forest products including logs, wood chips, and forestry chemicals.
Reason
I just think it's done going down....more from just looking at the chart than anything. P/E is something really low, like 5.1, if you can believe it. I think the price of lumber products is depressed, and thus the low price, but I thought it's worth a shot. Also, they report earnings tomorrow.
Risk?
Risk seems low-medium. Will buy more if it goes to $2.
posted by Wade Marshall | 9:22 PM
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