B1O - Sunday, October 23, 1983 - North Shore News

Gi business

THE LAST several weeks
have seen the prices of high
technology stocks decline
Significantly from their 1983
highs. In some cases to new
lows for the year.

There have been several
factors extraneous to corpo-
rate operations contributing
to the weakening of all stock
prices.

1) The stock market, as
represented by the TSE 300
Composite Index, declined
6% in the last few weeks
from its 1983 high of
2538.67. The high risk/return
relationship of technology
stocks resulted in their larger
losses as investors sought
‘*safer’’ vehicles.

2) Disappointing news for
many U.S. technology com-
panies and ensuring dis-

experienced

Secrotaviak

Catherine Dunn

Adm\nistrative Staff

Persoanel,
Bata Processing,
persons, Quality Control.

illusion with the group have
spilled over to the Canadian
situation, although by vir-
tually every measure of
valuation Canadian stocks
were not as expensive as U.S.
stocks.

3) The euphoria sur-
rounding ‘‘hi-tech’’ stocks,
as characterized by the
number of new issues in the
last 12 months and the mul-
tiples at issue could not be ex-
pected to continue unabated.
We believe that a period of
reasoned investing will now
prevail.

These conditions have been
exacerbated in some cases by
disappointing earnings
reported by Canadian cor-
porations, other negative
news releases or lacklustre
outlook in the short to
medium term.

McLeod Young Weir has

ATTENTION
EMPLOYERS

Skilled & Semi-Skilled
Workers Now Available

Closure of Schlage Lock Manutacturers has made available the totlowing

Production Workers, Finishers, Tool & Diemakers, Material Handlers,
Production Specialists,

Operators, Janitors, Matron, Shipper/Recelvers.

Manutacturing,

Call for Information
MANPOWER CONSULTANT SERVICES

988-5277

Machine Adjusters,

Financial,
Receptionjst,

Has the rose wilted?

been recommending and con-
tinues to advocate a portfolio
approach to technology
issues based on quality.
Criteria for selecting quality
situations are: a proven
record of strategy develop-
ment and implementation;
conservative accounting
policies regarding R&D ex-
penditures and leverage; con-
tinuing high levels of invest-
ment in technological
research and development;
and strong sales and earnings
growth trends.

With most of the negative
news (disappointing earnings
results, plant closings,
layoffs) behind us and as-
suming that recent market ac-
tion is naught but a cor-
rection in a bull market, the
next two to three months
should provide some excel-

lent buying opportunities.

Screw Machine

Accounting,
Supervisors, Draft-

Joan Hilworth

THESE DRUM
seiners await their
final opening of the
season down at Allied
Shipbuilders in
Seymour Creek. Pink
and sockeye salmon
seasons are over for
the year and only
chum season remains
open.

SS

NEWS photo Stuart Davis

z TOOT
ey wR eR ALE. LEPAGE
Mn

REAL ESTATE SERVICES LT(I) ¢ REALTOR

NORTH VANCOUVER

Chuck Traunweiser, Manager of A.E. LePage is
pleased to congratulate Teresa Churchill and Jim
Russell on their outstanding sales performance.
Teresa Churchill was the top sales person in A.E.
LePage North Vancouver branch for the month of
August and Jim was the top sales person in the
North Vancouver branch for the month of
September.

JIM RUSSELL

If you are thinking of buying or selling real estate in
North Vancouver call either one of these
professionals with confidence. Teresa Churchill
985-9544 or 926-0882 (res.) Jim Russell 985-9544 or
986-8555 (res.)

TERESA CHURCHILL

GUARDIAN TRUST COMPANY

Canada

@
Savings Bonds
Plus: 94% Extra Interest Bonus

Order this year's Canada Savings Bonds trom
Guardian Trust

e Recetve 9¥%a% on your CSB's for the first year
beginning November 1, 1983

e Receive an additional 9¥a% on your funds from
Guardian Trust trom the date of deposi
November 7, 1983*

On Sale October 24 1983

GHUARDIAN TRoUst COMPANY
ST) Howe Street Vane over vb lu?

Telephone 687 0011

® he Monnten of finence mmy tecminate 010 eate oC SE a Otuee No vert:

WS ee vt ame Case hae Ur aet
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