MORP - Moore Products Message Board

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Non-Tech : MORP - Moore Products

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To: Steve Ruggi who wrote (17)	2/1/1998 4:18:00 PM
From: Thomas J Engelsma	Read Replies (1) of 27

Steve, Do not believe we have seen any activity on this one yet. As for valuations I expect them to be fairly valued at a PSR of 1.2-1.4 with a spike to 1.8 164/2.5=65.6 --> 1.3=85.8 --> 1.8=118.0 Thing is they are not known on the street, the new CEO knows that, and needs to get the streets attention, the earnings report as fantastic as it was won't do it. The special dividend of .40/s I think will put MORP in enough watch columns they can't help but get noticed. Next, the funds won't mess with MORP with only 2.5 mill shares as the price crosses 42 then I would expect a 2:1 split to get the number of shares up. Keep an eye on them, these are my ideas, not gospel. Later, TOM Notice from you profile that you're interested New Holland, do you follow the sector or just the company ?? I am investigating GEHL as another long term hold, any info. and inclusion on opertech.com

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