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Gold/Mining/Energy : Range Resources (RRC)
RRC 36.16+2.2%3:59 PM EST

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To: unregmarket who wrote (4)10/19/1998 11:55:00 AM
From: doug doan  Read Replies (1) of 82
 
Looks like our little secret is out!

Stock is up 50% today, knew this was an overlooked value and glad I bought at the low. Sure wish I could have accumulated a bit more at the lower levels.

Still, I do believe that one can buy RRC up to the book value of $9/share at very little risk.

Earnings are due very soon with Zacks average estimate at (-.14/share) Our CEO says that earming will come in at the expected rate. Most of the (-.14) should be merger costs. It will be important to see how the company would do once the write off is subtracted. My hope is profitability next quarter.
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