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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who wrote (1006)3/14/2002 10:54:09 AM
From: richardred  Read Replies (2) of 1567
 
It did have a nice rebound yesterday. The thing about this company, it's diversified. The company supplies plastic film for diapers, and garage doors, both of witch should be on the rebound. The defense division has received the most attention because of homeland security. I expect it to be a near term beneficiary of Gov't priority spending in this area. Current Valuation- has been right near the estimates given by some analyst prior to the price move up. Those estimates were about break up value. IMO- The PE shouldn't be way out of line here, based on this company's earnings rebound, and relative to the premium now being given to defense stocks. Still might be a good trade. I'm personally looking elsewhere, as I have achieved, and even exceed my goal here.

RR
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