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Strategies & Market Trends : Rande Is . . . HOME

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To: American Spirit who wrote (46823)	2/7/2001 1:49:34 AM
From: American Spirit	Read Replies (1) of 57584

Another one to buy is LOR. Hughes satellites is about to be taken over by Fox. It's not a rich deal but it's a significant one. That makes them the giant. LOR needs cash and has a 80+ year old CEO under pressure but has the #2 satellite fleet in the world. Stock current just above $5 and no one is selling for under $5. We all want a lot more for our shares, and we'll get it. Comcast, McCaw, whomever might want LOR for something in the 4-5 billion range which is a double to about $10 a share. LOR is sitting there waiting to be taken out. This type deal will be largely unaffected by any recession. Also remember Star Wars defence Satellites are coming. Huge contracts there.

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