stocks.! me 2c 7c 4c business • bank rates! · dolljt al\'ifays say b~ye to 'sell'...

2
DOlljt al \'ifays say b~ye to 'sell' ~ All BUjin.?s.s l'<'EW1 so much for "sell" ratio ' being bad n.e~ I'm'st &m1e'dQ\\11graded sr actua!l::i outpaf0I111 the 11 keto Yes:.lot:; of thos.e stack; Wall Street rasearch ana!~ tell inv6tors to ut1load fa,,; iurning: out to be the. best ' arOlUld. often tallying- far ; erret1.1J:lJS than i:hose. rare ,·tJ1.1~" '. Logical? Maybe not, bu thac'o e.,actly ~ala new: shows over tIle course of t last Yea.\: "This doesn't IUBM e.:e stock with. a sell rat1n.e- wi achieve posItive ~uIis,bl soiitecertain.ly wilIfarex( exp~>;tatiol.ls." said Eric SI llik, presidenc of MarkeeP. fohlLcom, the analyst rati sen1ce that conducted mE , stud}: ,A "sell" rating is usual) sign!{ to investor); to stay' I.h~ shares. Maybe a corr 'n}' fillS pl:oblems ,{lith ear! ings.losfoa 'big client or reI on an outdated product. 1" ganiles5, the outlook ror it hldiless doesn't!ool, b~~ . "Buy" rat[ms;in the m time. are supposed co indi( that a company is in good, and poised for future earn and share·priregrowth ',' 'But thae's notnecess"ri!: how thin<,,, work at least a( illg m Markl:tJ'>~i1(;;-J!l.cvm' s~ua--",tifhicli tr.:\d~~ HIe raJ ~u:il by 10Of tb~ b.rgci;t i1 CI.PJl~ tkms Il-Onl Aug~ I, 2tX> through Aug, 8.2003. Tre White Plains, N.'L·} company found tlmt no nl' had better rHums widl it1 tr.l;"~than with its sells, The biggesr gap was tOl "c Bear: Stearns & C<>~\<1}~ saw its buy upgrades - it rhlt term "outp"rfol"m"-' climb 17,52 ).)Crcm! over tl, year: Contrast tlmt with dJ 5l.tTI PZI-c:::I( gHin ll11ffi sc ·'ullderperfr'fln." stocks. Ai. MOrgfill Sr.-may, st()( with huy r:.umg6 l'tJ$;, I:J.& cent, while thos,., with sclJ tugs jUlnpr .. d 32.09 p2.. n,:cnl B\J\'s at Goldman Sachs g, ~9.52P7n;eI1!.while ~J1s [ Lab,or n~,,,rle~{ Hofid,:y f.n... r1 will tl1rive rlS tI)c;. n~tfon~r~on~' amy begi.1s.(rs turn2.found .. .---------------. There are 27 hotels and 7notels and four I bed and breahfasts in Tnwi.bull County. J Pi'JI TandGci:, di~icion:J[ a::;<>r"nOIl:> of ube,ry Gruup a{ CQmp8J1ir:.~",. i~~ cOllii(1€nt. Tlumbuif County's Business ·Hospitality industry continues to expan:d II i -,,, .- U $G<= ChoIc(; Pa~!e 6C r;1" . ( d h e '~19ltQfsget Vill<er C'OlCe Ei¥' f1;J:;.·j."~..:JN!2) L Sr,'1I'fH to0c.l~g1.!.?l11C'e_ .. _ is:.E1ITOi'{ Fr'...LLS - Phil' Tandett, s:tlilleS as fu: descnl>es th~·Cl.1.illl'e of midsized hollili; in the area. !n spite >if ehe, hJS5e6 \bE': hospftRJit'; indlL~iry =1·; cl'i:el' thE. Sepc. H. war .. terror[st r.ttacks and <lur-ln[ d.~ ClatiOi~'s recent. r:ec€'5&LQll., Tand£ct i:; <11:(im8!ic' the $~ million. investment ,m a. Bolid;;~ tanE~;!).\'eSs \rilJ. bring" big' db;i~, G=C1~, l...r his er..r.pioYf.:r and ell:::-- &.-e3.~ Hi:; W!iHder,,:e l"OTCLe3 Crol:l i:h~ kn.QW iOO,sE: !f.:irL:.a from b.efug. rh~· s~ g~!J~rnciOr1 of trfs._- wmu}' b.ll,,~ !:tcl>piu:.li.ty indum-y &fief hi:;. befic;i that A.D~~rka ar1.C. nr;r(he~3~ Ohio' aJ·e: abou! (.Q mcJrem E::::.ooorntt·.a(jt)Ul..f';CE:. l'Cilui(..-'{T b.aE b€'~n in the hrJt~I bC5i'o.e~~ for [;'tore tj-",.rt W }1:ars. Hi:; iather t,od;en ir. thr.. ho~ic..'t!.j'tr incfu:m-" fOl; mocc of his fife. The? dire·<."'tJ,.')r;.:'"<J[ (jp-erati()ll~ac Liberty G~~QUP uf O:ml~l2.nf~s· l1ewe;)t hotel said the 6-1-n.KHU fZr i:TIity G J~~i'6nc:t.i ((J pro\'hle, \·aiut.'~[or {fl.E-bugi~ n~s' o·~~\·l2tcr, th£.: \"?c~(\On\'>l· or choS\:.' who- ne.ec. fl:)(.l::[ ~p.ac.•. · fur ~1)i:cfal eVi~n($ - '-'Vt,! ~l"c.,·'ide tb.e:' $.une e:.u:enhft?'j llklay lEo.r~:- ~r:.ft!U:""~ni~('; hotels [Jd.\:e-e\·a.i1aoll~. but at CC",3,i"S char r~~~II} pcn:e.ot :0 ~i p?..r..:~t lO\r~t: ,. he said. "rlli1:;" P8GI'!': whQ :'.I"" looking: [or. the' 10"'- e<:>,Sc hotel tbr.t WSt£ ~3i.i C\i~.;J e",nigf1r. genere!l}" \Jlui I1DC $t<l>;"" aC::1 .HoJjdr'}.·•. L.in." Talld~ct·i,ja., ~"Tt~yl';:_ ~~r.\.rAJttfug- fu:.- a, p(aa::o s{€'\~y" get lit' ~ ~ gcil!!(: r~ln:!)rnh;.g, 'Lh~e' ca\:Zi\'~ I.~iliU~a In:ukI:::: i'vl"'lhat {~\'\:l of r.:cm! r-:1.td [\';'i)t.:_Lu h •• ~,~(Ji:rinucd~"·\N~are!u$c :c. srep up." '.- The 11~\.'-'C~;tI1oIidCl\~ IY".I..'1 has 8sta{e·of-tu.2~o...r-t 6lf~ine",:;; ceuler t;~ri(h- fa:!. (.."UlJ~ computer a!ltt pC[fttiag' ~r\:-:-cces.. E:--:dt f90I1l is bluipperl v:l.th t~o-rine' s9'?;(kcrphon~~ ~irh \'okelIl2.iI ~nd h~h-5~..trl rrit~1'OE( acc1?!;s.Therc :·Jso is EtO'JP_- fen:Dc~ rOUOl .. a["L c:-:r~l'ci~ room &lld «: fu:;~ bt::akr?~t. bar fv~.: £1::Qts ... Tb~ b)[el \{;.~~~b·uilt at. [.h~' Ohi<;, TUl'n;;.it<::'s. ,·t':d, ,,11 OhIo 6, Doc«u:;e Llkny Group's ()~-n"'r$ far it, ('a~il~' ";J,:vui(1 i,.:. So.-~1 lw cra\-eIers iil @1.Ui"t- ci~ar·~w ~}t'r!f; ill -the- CQ'.~1l): The. Expn:-.>;s !t()\e!:- i;!'€. [h~ fasle:;t grv·.::.~n~ segn.rerlLls.i the: flcGc!::.y l.nn dw~ ..OrUle.cvl-r.je~ '. Stocks.! 2C .' MutualFundsi' 4C On me MOl'el 7C Bank rates! 7C

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Page 1: Stocks.! me 2C 7C 4C Business • Bank rates! · DOlljt al\'ifays say b~ye to 'sell' ~ All BUjin.?s.s l

DOlljt

al\'ifays

say b~yeto 'sell'

~All

BUjin.?s.s

l'<'EW1

somuch for "sell" ratio' being bad n.e~ I'm'st

&m1e'dQ\\11graded sractua!l::i outpaf0I111 the 11keto

Yes:.lot:; of thos.e stack;Wall Street rasearch ana!~tell inv6tors to ut1load fa,,;iurning: out to be the. best 'arOlUld. often tallying- far ;erret1.1J:lJS than i:hose. rare,·tJ1.1~" '.

Logical? Maybe not, buthac'o e.,actly ~ala new:shows over tIle course of tlast Yea.\:

"This doesn't IUBM e.:estock with. a sell rat1n.e- wiachieve posItive ~uIis,blsoiitecertain.ly wilIfarex(exp~>;tatiol.ls." said Eric SIllik, presidenc of MarkeeP.fohlLcom, the analyst ratisen1ce that conducted mE

, stud}:,A "sell" rating is usual)

sign!{ to investor); to stay'I.h~ shares. Maybe a corr

'n}' fillS pl:oblems ,{lith ear!ings.losfoa 'big client or reIon an outdated product. 1"ganiles5, the outlook ror ithldiless doesn't!ool, b~~

. "Buy" rat[ms;in the mtime. are supposed co indi(that a company is in good,and poised for future earnand share·priregrowth',' 'But thae's notnecess"ri!:how thin<,,, work at least a(illg m Markl:tJ'>~i1(;;-J!l.cvm's~ua--",tifhicli tr.:\d~~ HIe raJ~u:il by 10Of tb~ b.rgci;t i1

CI.PJl~ tkms Il-Onl Aug~I, 2tX>

through Aug, 8.2003.Tre White Plains, N.'L·}

company found tlmt no nl'had better rHums widl it1tr.l;"~than with its sells,

The biggesr gap was tOl"c Bear: Stearns & C<>~\<1}~

saw its buy upgrades - itrhlt term "outp"rfol"m"-'climb 17,52 ).)Crcm! over tl,year: Contrast tlmt with dJ5l.tTI PZI-c:::I( gHin ll11ffi sc·'ullderperfr'fln." stocks.

Ai. MOrgfill Sr.-may, st()(with huy r:.umg6 l'tJ$;, I:J.&cent, while thos,., with sclJ

tugs jUlnpr ..d 32.09 p2..n,:cnlB\J\'s at Goldman Sachs g,

~9.52P7n;eI1!.while ~J1s

[

Lab,or

n~,,,rle~{ Hofid,:y f.n...r1 will tl1rive rlS tI)c;. n~tfon~r~on~'amy begi.1s.(rs turn2.found ..

.---------------.

There are 27 hotels and 7notels and four Ibed and breahfasts in Tnwi.bull County. J

Pi'JI TandGci:, di~icion:J[ a::;<>r"nOIl:> of ube,ry Gruupa{ CQmp8J1ir:.~",. i~~cOllii(1€nt. Tlumbuif County's

Business

·Hospitalityindustry

continues

to expan:d II i -,,, .-

U $G<= ChoIc(; Pa~!e 6C

r;1" . (d h e'~19ltQfsget Vill<er C'OlCe

Ei¥' f1;J:;.·j."~..:JN!2) L Sr,'1I'fH

to0c.l~g1.!.?l11C'e_ .. _

is:.E1ITOi'{ Fr'...LLS - Phil' Tandett, s:tlilleS asfu: descnl>es th~·Cl.1.illl'e of midsized hollili; in thearea.

!n spite >if ehe, hJS5e6 \bE': hospftRJit'; indlL~iry=1·; cl'i:el' thE. Sepc. H. war .. terror[st r.ttacksand <lur-ln[ d.~ ClatiOi~'s recent. r:ec€'5&LQll.,

Tand£ct i:; <11:(im8!ic' the $~ million. investment,m a. Bolid;;~ tanE~;!).\'eSs \rilJ. bring" big' db;i~,G=C1~, l...rhis er..r.pioYf.:r and ell:::--&.-e3.~

Hi:; W!iHder,,:e l"OTCLe3 Crol:l i:h~kn.QW iOO,sE:

!f.:irL:.a from b.efug. rh~·s~ g~!J~rnciOr1of trfs._­

wmu}' b.ll,,~ !:tcl>piu:.li.ty indum-y &fief hi:;. befic;ithat A.D~~rka ar1.C. nr;r(he~3~ Ohio' aJ·e: abou! (.Q

mcJrem E::::.ooorntt·.a(jt)Ul..f';CE:.l'Cilui(..-'{T b.aE b€'~n in the hrJt~I bC5i'o.e~~ for

[;'tore tj-",.rt W }1:ars. Hi:; iather t,od;en ir. thr..ho~ic..'t!.j'tr incfu:m-" fOl; mocc of his fife.

The? dire·<."'tJ,.')r;.:'"<J[ (jp-erati()ll~ac Liberty G~~QUPuf O:ml~l2.nf~s·l1ewe;)t hotel said the 6-1-n.KHU fZr

i:TIity G J~~i'6nc:t.i((J pro\'hle, \·aiut.'~[or {fl.E-bugi~n~s' o·~~\·l2tcr,th£.: \"?c~(\On\'>l· or choS\:.' who- ne.ec.

fl:)(.l::[ ~p.ac.•.· fur ~1)i:cfal eVi~n($

- '-'Vt,! ~l"c.,·'ide tb.e:' $.une e:.u:enhft?'j llklay lEo.r~:­~r:.ft!U:""~ni~(';hotels [Jd.\:e-e\·a.i1aoll~. but at CC",3,i"S

char r~~~II}pcn:e.ot :0 ~i p?..r..:~t lO\r~t: ,. he said."rlli1:;" P8GI'!': whQ :'.I"" looking: [or. the' 10"'­

e<:>,Sc hotel tbr.t WSt£ ~3i.iC\i~.;J e",nigf1r. genere!l}"\Jlui I1DC $t<l>;"" aC::1 .HoJjdr'}.·•. L.in." Talld~ct·i,ja.,~"Tt~yl';:_~~r.\.rAJttfug- fu:.-a, p(aa::o s{€'\~y" get lit' ~~ gcil!!(: r~ln:!)rnh;.g,

'Lh~e' ca\:Zi\'~ I.~iliU~a In:ukI::::i'vl"'lhat {~\'\:lof r.:cm! r-:1.td [\';'i)t.:_Lu h ••~,~(Ji:rinucd~"·\N~are!u$c:c. srep up." '.-

The 11~\.'-'C~;tI1oIidCl\~IY".I..'1has 8sta{e·of-tu.2~o...r-t

6lf~ine",:;; ceuler t;~ri(h-fa:!. (.."UlJ~ computer a!lttpC[fttiag' ~r\:-:-cces.. E:--:dt f90I1l is bluipperl v:l.th

t~o-rine' s9'?;(kcrphon~~ ~irh \'okelIl2.iI ~ndh~h-5~..trl rrit~1'OE( acc1?!;s.Therc :·Jso is EtO'JP_­fen:Dc~ rOUOl.. a["L c:-:r~l'ci~ room &lld «: fu:;~bt::akr?~t. bar fv~.:£1::Qts ...

Tb~ b)[el \{;.~~~b·uiltat. [.h~'Ohi<;, TUl'n;;.it<::'s.

,·t':d, ,,11 OhIo 6, Doc«u:;e Llkny Group's ()~-n"'r$far it, ('a~il~' ";J,:vui(1i,.:. So.-~1 lw cra\-eIers iil @1.Ui"t-

ci~ar·~w ~}t'r!f;ill -the- CQ'.~1l): •The. Expn:-.>;s !t()\e!:- i;!'€. [h~fasle:;t grv·.::.~n~

segn.rerlLls.i the: flcGc!::.y l.nn dw~ ..OrUle.cvl-r.je~

'. Stocks.! 2C.' MutualFundsi' 4C• On me MOl'el 7C• Bank rates! 7C

Page 2: Stocks.! me 2C 7C 4C Business • Bank rates! · DOlljt al\'ifays say b~ye to 'sell' ~ All BUjin.?s.s l

::~;l....•i<:f' ho~d~." ~lh2 r.ai(l. mat·jt.€ling {hi, ,m:a thrallS!! :tit'!!. 'l';wiktl ~Id 1\ir](b,r;!.1Klr1;;i,,\nrl c.f.tif!~:IJrn~ con\i!?n' l'lblH\' m,,~a'lil}ii~, lnotorcO<1cil :'I0.id {hi~2i\(.iH~01\tCif lh" .tho"

U(J\'I~ WHtit }"1'51:;, ft1U-!:,W'licl~ lOIW) "nd travel :,Ihow~,'}'lJdl\\- pc;;;"d Irnbor rat';C'l~nc\~ n~;\r

hn!!.ir. IJEHjf.\Uf:~ th?y dn not \:1;lnt 1'f:i?\1 b ftl"usU!f'. (t$ atten\itm (JI1tth. •• Wl1iJg:J!Q':m V/;irnm ..H(~:to :Jj.)Jl!. LJp 0.1I1GlJg B£?\I:;rr.\J hot)b. ' 11 zao- 19 fiCG·mih.~radius wf theg10aal t\irpol'LVlotild b~ ;\ HH:1'

In 3pH'~oj' [liS few 1'L11k:~t'v: l:Onnt;;.8h~\~,dd. )()r [ttlr1H:tiDl1 to ~~ddta thE; aTl-j,:s j':1cjHli<:::, th!:' ~WjH l1a:Jj'",6· JUch!\rd Alb\?'rini.chainn:rn J1Ue:l LPGA burn;IJ1'I,ml lindf.f.o1n':< hOl\~1~:~o'.;'lh 11) the ();J;I[ of the boarr! of the. COt1v'mtiul! the Nation,,1 Pnch,jr<l M\.I::,:tun

[iJur yen!':>, - . bUtem1,said not tI)r of the hO-,;i;Ic:. show,

'rb~: :1f'<J<t h«!) g~;!!\ Uw (':~en· le!!1i;\ntllucI!tJ.:o; l.ilthe. il)"(\::X ]y:t1-, WilDe ;.vGitin~ rot' t!H:'polIti·b',g or i\ Hai\o<1Y Jnn I::xpr·t:iJ jll H1Ur'oIr! lh~ iTict·c::\:.1(~d tra1fie'CkH13 to dO!!:1rmiM iI tin: f:.Ici.H·'';'hJrr<,;;,. 0\Hil!!1PtOJJ 111i1 011 J3~1, during the ~unntwr m[)II11w. ty i~ 0t:UJ1(Ilfi!c,i!ly fl,';dbk,)11I):H AV":hUf-, 53 WQ!J 1.\3Ifu'\jor "S~)lJt(: or oUt prop!?nb; Kir1cl~.nd:;:dd :h", CC!Ut;ly t+rEnoVJthirw b~l.i")Bdone u) the bf'V~ tu de: :J;:,meH!)gr'J.di:i~ tC) I:,):illy '.'.im' tJ1~ b.\~tkr·11'1:;.Oil;c)

AV;,i!t1t! JiU) iH HQW]8nd (;!)df€:i). (:otnpe[c;:· ,:lith ;h.;'Av'Jit;1I InnW(.'In~n"'" Bowling. A:::.;oc;ir.;,oV:'d i01\::; ,ti l'fW1y c0i!ipkt!;;(1 <1l twl the HrJli.daY Inn[\," bl"&\.id,·'· !I()n'~' !!1tf)l\~t;\toIDlirnUl!1.!TlIJJlti)". ()~l'1lrort In.n i.n W!:!d'el1 .. "l':JQnlct tt>l! thdl" OWI.leJ'G to lit; ?.u(Jt! lhnini:h 20Gtl.

r:irkb,1u :1LtggE~tl)ii the no::;· V"'f.t :::')t1.t' liIal!<:Y Into ..their; III ;,JdH!o.n, tt'l<: GO,GL~1­

pitalHy irlriLictt'Y \n lh~ M~,hoh- j11'(ips;-ti~~:' , ~'1U~1!'d'oot'l\hLtIllI':-'I'plf:;~ .i!n~

in;, V;.:l!.:y tj;t:) t1o\ b(;!:n .D~ dg, I{ll'!,!~1Hd ~:aid Uk :mlilUnr, .~t~,:ul;edthe lh\tiOJ'li.1.lfi~:;itplld!nJ!i(;qnUy atff!clcd by 8/1l f"tld l"lln.UY'UWtll:!'\ 11011:13t!llcllmJl()I::,t\!nh:~iJi'om :/J1\.1-:[ Jhf(J\I~h. ?,O1(),'thfl te(;~~,$io~. }t~ ethc:r larger s:)til£'t lni8!) hr.\vG tn!JJ'e diJ'ncuHy ·''rhl~(·villI (I~, ~t '"Vt\-:ldong'CarrJI11Un}ti~J. attr(;'cUI~g ;g1J~~t3 U(,~r«l!s~~f)Q4 W'./~:r1f-thfll b c:?Xp~:.:t{.:d tu ha'.J'~n

"W':''Jr <I\~'Ja1jR hiid to wQr:~ LfTlti;;jJCt\!JWweb onen f~'t!i ~GI11il1!liJ1 et;('jnQltll~ imp8,('t lu:1~1['thir' to (\tt;'a~t 0I)hll~tltilJ!1!: cdmf(1tl<tll)!;' ;It !an~,;r, !1<.>lna the M:.\himth;;V,tll:-:y,"he :!;tld.

and v"c8i.!Ql10rg to thb ar\::~\ Dt1\nd ho1.l:h . "Vi'\!ertn,!.J~;ll~'('tto'J"rn b<.-tW(l~n1h£1l) hit'get' ct)!rH'IHn~HiL'B Ul\t! ••. ~ .." r;r V'-~ ~. -I ~ ~I-W~. ~ ~ .,. ~~ If' <::I'q'. r ••..• Wi

CJev,Hil!\r! ,lnu J:·Hlsh.\lt'~h; :)0 S' 'II \~f!,~ t:l"n:nhliI1g.(H:t' r;·1if'I';dl lI'J!i363 i:Ji?te Sf11f1!1. e· Thn( :1t()~IH'esF.nrt:h tt'ir.j~'3ry81'. \1 J{iJ'i·;1ant1 S8ict. "tJ~(';atlee l:.:~d to ¢, ~:1..~hnuon. ~$;!ttlp.J:~~rJ~~0-"11ij~~""'-~'(~~~..,~...~:}lnni"t~l'Afhpf Frufr-l P;tQO, 1C 't.i{:-twenn:~H6~lrtP~D((;;"ulntot'G1: ,"~' ' :' C f •..••• \ ~ •••••. , "'" .~ •••• ' ..• 1

th:!il flyinG' it t[1},(Y br:: wor!(ing Gil11 rm:B!1 bny. 'l'iIH~';; 8 t1WjN' M!d, tl1Vt:~,tIllI:r)l l'irrn:: te,,,l\n ()Ut l':1'JO'( P!:~)pt~:-\I'P toldhg ;;h 1[1 frt>m !.II,", 11.)t'3t;-[!lsl::.nt 1\;.>)'11. "

bng!-:i' Wf;fd',i:nd::: ,ti,ti n'!\vC!lJr!2 iJa!;l. when htlY uflel1 n):~;::1\\ s~:!1. nt\:,!lI:\00\ lIw" 1'83(!~~);d~Con..~hL)it'1rdi~t?:I\r:s:;. thidr.::; th8 h~te19;m6 U18,rj.~~~ti.~ly:~!li~n'rno\:.: .under Inh:l~:;e

"Whnt: -':';12 dr. nat hOt"''' ;II"~\;' 1JI~f)m, ;O\MJv~\:J tiL\V'i:Qut ro:,;y ff.~ j);'r::::jU!'I:::bJ lif;Utdr <:BIb r1glit.0e\1iz1\h.h~ t1Itt'[1CU!.1!). our kie~-vjewtJ ::>.1' (:~)1hi);\!'\f!:'3 [:0 th'.!ir '~'hHYlnil~lt!·;:t!H hu \.~rQI16J hl.1!.

lion II1nlu!;: t1:; f1 gOO,! I'1Jiic:e to n!':n~: CJutM wj)) lucrativo!)!- th,)y &\J~;ndQb" H'rH-'fl'p:\ ,hi>~L()1\H ~:h~:Baid. 'iV.J'2 "A1"0·bt:~ ve~trr1~ut b~n1{in3 bu~in~~3 tq utf:~~i'~i\h::.iWt!p.i1 N~~vJ York City :'1,(1 lio :n~1':ZlXd<':FJ:: :",,:-] .':;lt1t~);. t'f1~l-.

Chb~a~:{j, V-lt~~;l\~' t)Ci~~€'tf) Sj~ illg~.1;~J0!~tP;~.Ul1~~":~U"e of thAtI:'lur~~~E!1'hl haVE :~oJ[ ~0!U"~.a~$CfJ.tlfHd qf t!11t:re:;L l'~ef;:bl~yiJ)c{il82,rh::(' . ~h03f33h~J;?~~et1:'! ttien h~Jr1 on tf~

l~irl:.hui.d g,1}c! ~.bebtH'f.tt\l is tHern i~V~jl vib~4(1!hl:' 1/t.1~inessr;8

I!iI

,!

'j

,I,I"IiU

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