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Strategies & Market Trends : Undervalued Stocks = Low P/E to Growth Ratios

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To: Joe Dancy who wrote (131)9/9/1997 5:01:00 PM
From: Robert T. Quasius   of 297
 
I bought BIOI for the same reasons that you cite: high earnings growth rate and low P/E.

I haven't bought YORK yet, but about two years ago I had some serious negotiations with these folks about building a cogeneration plant for a Nabisco Bakery in NJ. I can assure you that these people are both serious about growing YORK, and very ambitious.

I visited the co-op building in NYC where they operate a cogeneration plant, as well as the Brooklyn Navy Yard cogeneration plant they are building. NYC is a tough operating environment, but YORK seems to be up to the task.

The Navy Yard project is massive, and seems to have tremendous potential, especially since con ed has very high electric rates. I think that their earnings will take off once the BNY project is on-line. I am seriously thinking of buying YORK, as soon as the hype of the Discover Group wears off.

Just my two cents.
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