Thiokol now Cordant Techologies (CDD) Message Board

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Technology Stocks : Thiokol now Cordant Techologies (CDD)

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To: Greg Jung who wrote (116)	7/31/1999 1:05:00 PM
From: Carmine Cammarosano	of 127

Our Top Mid/Large Cap Pick in Commercial Aircraft We continue to rate Cordant Technologies a Strong Buy. We still consider the stock our top pick in the commercial aircraft sector (the stock is up 18% in 1999, versus 11% for the S&P 500 and about 7% equal-weighted for our aerospace/ defense coverage universe). The quarter's results demonstrated that the company still benefits from its diverse exposure to the space, aerospace and industrial markets; and that management can continue to deliver solid earnings performance. Most importantly for the stock, the valuation discrepancy still exists between Cordant and Howmet. The 85% stake Cordant owns in Howmet is worth $43 a share, and Cordant stock is trading at $44!

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