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Strategies & Market Trends : Value Investing
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To: JCMcClain28 who wrote (23576)3/19/2006 3:34:50 PM
From: Stewart Whitman  Read Replies (1) of 78744
 
Federal Mogul went up to 90 cents during the period when it looked like Congress would pass a favorable asbestos-litigation bill. In 2005, it went up with a bunch of other stocks that were in bankruptcy for asbestos-related litigation - ACKHQ.OB, OWENQ.OB, GRA, USG, CGM. Last time I looked, Fed. Mogul had some trouble with its UK pension plan obligations. During bankruptcy, it has been an on and off acquisition target of Carl Icahn.
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