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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (48833)10/13/2000 11:33:31 AM
From: Mark Adams  Read Replies (1) of 94695
 
BCC reported lower than expected earnings. Today would have been a better day to buy. Still, projecting .40/qtr run rate forward gives a stock value of $24 at a PE of 15.

If management fails to maintain or improve results going forward, this buy may have been a mistake.

Re-entered AA at 25 1/2, bought additional 1/3 of FDP. I did read recently that the US imports 2/3's of it's bauxite, the raw material for aluminum, so AA could get hurt on a weaker dollar, if they aren't hedged.
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