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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 8:46:00 PM
From: peter michaelson  Read Replies (2) of 109
 
Wow, Lennox is really cheap. Business seems to be in good shape. $1.50 of earnings thru 9 months. 44 million shares, priced at $9.50. $575 million book value. $300 million debt. Solid name.

What seems to be the problem other than CEO's $6 million in compensation?

Oh, a merger. Ah. About 12 million Lennox shares will go to acquire Service Experts - which shows $20 million of 9 month operating income. Doesn't seem like such a bad deal. hmmm

Lennox is insider controlled I see.

Best way in is to buy SVE I should think.

hmmmm peter
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