On 15 August, 2001, I recommended this
stock:
I bought some @ $4.03 and took part in the
1:9 cash issue @ $3.10. This money was used to form a company in the
UK. CLI bought a number of properties there with rental periods of 15-20
years, blue chip tenants.
In the UK, it is compulsary beyond age 75 to
purchase annuities. CLI has applied for a licence that will allow it to offer
annuities : See pages 21, 22 of the 2001 annual report. This 107 page
report is read in pdf format on their web site:
On 30 Sept. 2001, I forwarded this
post:
Friends and I bought a considerable amount of
stock @ $2.40 -$ 2.60. We were very confident that we would see some good
price rises.
And there were! CLI is now $3.48 and still has a
lot of ground to make up.
My views have not changed and I still consider
CLI to be worth more than $7.
The Annual meeting is on 22 Nov.
2001.
Gerry
Readers are not asked to buy, hold or sell CLI
stock. To do so will be entirely at their own risk.
See IRG research reports
