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Technology Stocks : BE Aerospace (BEAV) Breakout
BEAV 64.470.0%Apr 21 4:00 PM EDT

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To: Dale Baker who wrote (155)9/24/2001 1:46:59 PM
From: Rob S.  Read Replies (1) of 210
 
It had moved down to an 11 year low which was totally out of whack. I think the company has much better long-term prospects than current the price suggests. There was going to be a downward business cycle in the industry even before Sept. 11 but instead of a gradual decline to a reasonable level, maybe 10, the stock got jolted down on panic selling. I think a reasonable 3-6 month target is 10-16. I give it a broad range because the mood of the traveling public and outcome of security improvements is still unknown. I think the way to look at this stock is that it should be trading higher on a long-term outlook exclusive of the security projects and increased needs for fleet modernization that should generate increased business over what had previously been anticipated. Then look at the new business as "upside potential" that has no guarantees but may propel the stock to new highs over the next 12-24 months.
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