Investing for the January Effect 2000 Message Board

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Strategies & Market Trends : Investing for the January Effect 2000

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To: GBT who wrote (54)	12/28/1999 6:11:00 PM
From: Q.	Read Replies (1) of 109

GBT, I agree that LII looks interesting. The company, which made the furnace and a/c in my house, is quite sound. They are growing revenues by acquiring retailers. It looks like a fairly easy company to understand. Their margins are not very high, but it is nevertheless a perfectly respectable company. The multiples are appealing, as you noted. The price/EBITDA is a mere 2.2. MarketGuide shows a very low institutional owership, but I'm skeptical about this. It IPO'd this summer, so maybe MG's data doesn't reflect the post-IPO ownership? The chart looks like an IPO that completely failed to hold its price up, and selling just went on and on and on. Historically, a lot of IPO's do poorly in their first year, I've read. I wonder if this one has worked out all its decline yet. BTW, I picked up a piece of PROG today.

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