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Non-Tech : Sonic Automotive

SAH 62.94

-1.0%

Nov 3 3:59 PM EST

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To: Sergio H who wrote (49)	9/28/1999 8:07:00 PM
From: Cary C	Read Replies (1) of 60

Couldn't retrieve the link that you gave. Might be because I waited to long to try it. As you know, I like SAH very much. The recent dropped reminded me so much of APCO's drop from 13 or so to 6. Last time I spoke to Todd I got the same response for the reason. Some momentum institutional investors were getting out. It probably was true. Besides the momo's, SAH has some additional pressures, 1. sector not in real good favor with the street right now 2. dealerships restricted shares are opening up to be sold 3. more stock is having to be given to new dealerships because of lower stock price 4. secondary offering has created quite a bit of overhead at the $15 area 5. declining same store sells from ist quarter to second quarter Long term I do like the stock. SAH has always surprised to the upside. If this trend continues through next year where they are projecting $1.71 eps, they will be at $17.10 with just a pe of 10. That would represent a 42% gain from the current price. So based on the above numbers I bought some right? Nope. I still am looking for it to get back into the $10's. I would have bought some on last dip but was pretty much tied in another stock that did very well :>) Cary

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