Commodities - The Coming Bull Market Message Board

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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (379)	6/29/2001 6:56:13 AM
From: craig crawford	Read Replies (1) of 1643

Thursday June 28, 12:00 pm Eastern Time RESEARCH ALERT-Merrill cuts Inco 2001, 2002 estimates biz.yahoo.com NEW YORK (Reuters) - Merrill Lynch said Thursday analyst Daniel Roling had reduced his earnings estimates for nickel producer Inco Ltd. (NYSE:N - news) (Toronto:N.TO - news) to reflect Merrill's lower forecasts for copper and palladium prices. Reiterating his buy rating on the shares, the analyst said he lowered his 2001 earnings per share estimate to $1 from $1.36 and cut his estimate for 2002 to $1.45 from $1.69. His estimate for the current second quarter is 20 cents per share, compared with 24 cents in the first quarter and 51 cents in last year's second quarter. He wrote that ``shares of Inco remain undervalued, presently trading at 11.7 times our revised 2002 earnings per share estimate.'' Inco shares were up 4 cents to $17 after an hour of trading on the New York Stock Exchange. The stock reached its 2001 high of $20.60 on May 21.

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