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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (25311)11/20/2006 10:49:45 PM
From: gcrispin  Read Replies (1) of 78667
 
I passed on MWA after listening to their last CC. Fifty percent of their revenues come from new housing. They expect a decline on that side of their business and pitched that the infrastructure side would make next year a bit plus or essentially flat. At least that was my take on their forward guidance, which was vague until the Q&A. I still see analysts predicting an increase in earnings for next year. So I don't see how that computes. There has been some cost savings from consolidations within their company, so that could explain some of the higher earnings projections.
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