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Technology Stocks : Lennox International Inc-(LII)

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To: Mohan Marette who wrote ()1/19/2000 3:37:00 PM
From: professor  Read Replies (1) of 9
 
Lennox (LII-$9.375) is trading at an extremely attractive valuation. At these prices it trades around 4 times earnings 2000 and less than 2 times EBITDA. LII reported 62 cents in earnings for the third quarter. LII will have roughly $2.5 billion in sales this year. Do I have your interest??? What's the catalyst? This friday the deal with SVE closes which has placed short pressure on LII stock. There will be no more short pressure on Monday and the company can execute their 3.2 million stock buyback program. Lennox is a good company with a bright future. Their management is smart and seasoned despite being an IPO company. This company has been in business for over 100 years.
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