re: a very safe medium term investment POSTED ON SHARESCENE:
POST 1:
"Finance
mX Biz - Tip of the day
MATP
54 words
27 July 2005
Sydney MX
1 - SYD
11
English
Copyright 2005 News Ltd. All Rights Reserved
Tox Free Solutions (TOX)
Buy: TOX is now seeing the results of major restructuring last December, with interim profit results more than double expectations. If current profits continue, look to a target of 6-8c.
Glenn Fozard, Tricom Equities Limited"
POST 2:
"FWIW, Fozard has only been an advisor at Tricom for a few months. Previously, he served his apprenticeship as an account manager at an investment bank.
This raises the question of why he would recommend a small stock such as TOX. He has an outright BUY on it, ie no 'speculative' in front of the buy as he has done for some other stocks in the MX newspaper.
He must have done a lot of research on this company before recommending this stock to his new clients - being new at Tricom he would be keen to establish a good reputation. Going gun-ho on penny stocks would not normally go down well with 'conservative' investors, hence I believe Fozard's target of 6-8c may prove to be his conservative target, just to cover himself.
Anyone want to comment on this line of reasoning?"
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