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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Larry S. who wrote (39597)5/15/2002 10:10:38 AM
From: Joe Stocks  Read Replies (2) of 53068
 
REI- Why mess around with it? Maybe a little early but certainly it looks like a value play with very good income. I don't mind a 9% dividend while I'm waiting for the street to come to grips with the bad news. I thought it a positive when they announced that there was a wash sale because the uncertainty was removed. I also believe that these guys will do well in the future. We got a wake up call on energy last year that capacity was at it's limits in many areas. We should probably have a 15-20% cushion to handle peak demand and future growth so I think we stronger and stable earnings growth is ahead. MIR is my favorite in this category but REI at this level is a steal in my opinion.

Joe
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