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November 1, 2007 Dear Friend, Gold prices exceeding $800 per oz indeed is a historic moment, and we believe Newmont Mining and Barrick Gold are particularly timely stocks today. We reiterate our Overweight advice on these laggards. We raised our rating on Louisiana-Pacific to Neutral from Underweight as it met our $15 price target, its cost inflations were less than expected and a reasonable chanced of a profitable quarter exists in the 2008 first-half given higher OSB prices and greater cost controls. We continue to work through IT web-site security procedures and gradually process invoices and paperwork with our clients. We are working harder on earnings releases and securities analysis these weeks than administrative paperwork, and me or my team will be in touch. Faithfully yours, John C. Tumazos |
Copyright © 2008 John Tumazos Very Independent Research,
LLC
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