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Technology Stocks : Loral Space & Communications

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To: Jeff Vayda who wrote (10069)	7/17/2002 8:47:30 AM
From: Jeff Vayda	Read Replies (1) of 10852

Lanza said the company would continue the acquisition strategy it has used for almost three decades. First paragraph could fit Loral in.., but the second makes L4 or L5 tougher! Jeff Vayda aviationnow.com "There are many properties in the $50 million to $300 million revenue range with leadership defense products that are number one or number two in their niche markets. Typically these companies are either undermanaged or underfunded for growth, or in a niche area that has good growth but is fragmented into many small companies," he said. "Our strategy has been to pay reasonable rates for them ... fix them up, put in strong financial controls and have them become accretive within the year with solid organic growth and good cash flow," he said.

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