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Gold/Mining/Energy : Magellan Aerospace Corp (MAL) New Listing

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To: Rick Thomas who wrote (594)1/26/2000 12:16:00 AM
From: thomas gentry  Read Replies (1) of 633
 
The quiet behavior of this board has been more than equaled by the quiet behavior of MAL's news release machine of late... nary a peep from the boys since the release of their Q3 numbers back in November.

Though that report was a bit of a disappointment (continued news of slower Boeing orders and a slight slip in ROS earnings efficiency), there was certainly nothing to suggest that MAL's goose was cooked.

A few months back I suggested that MAL's appropriate trading range was roughly $6.48 to $10.08... clearly we're looking at an oversold level as things stand today.

Not to worry though. MAL's fundamentals are still strong, their team is competent, and the economy continues to boom. All it will take is a single positive NR to remind us that this dog still hunts. Bargain hunting anyone?

Thomas
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