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Strategies & Market Trends : Value Investing

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To: FHM who wrote (19836)10/22/2004 12:53:46 PM
From: Paul Senior  Read Replies (2) of 78704
 
Nice earnings report out on IIIN:

biz.yahoo.com

Possibly next year's earnings won't be so great. Shortages seem to be resolved; now they are trying to expand the business, and this may temporarily drop earnings.

OTOH, I find a p/e of under 4 now to be compelling. This is a p/e based on business earnings,i.e. no one-time gain on sales or accounting stuff like restating or getting a tax refund. And it's real revenue, i.e. they received cash for their sales, which they were able to use to pay down debt.

I had bought a few shares recently, and I'll now add a few more.
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