Gavin Graham Foremost Industries Inc. FD FMO.UN-T BUY Nov 08, 2004

Not 100% payout but perhaps they are just being conservative. Could pay it out later if things change.

Gavin Graham

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$33.350

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BUY

Servicing the oil/gas industry. Probably has a 2 year run. Have a lot of cash to spend and are using it in drilling new wells. Higher risk/higher reward situation.

SELL

Has been a spectacular performer. There is very little intellectual property in this business. They are a small player. Very risky.

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Gavin Graham Foremost Industries Inc. FD FMO.UN-T BUY Nov 08, 2004

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