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Strategies & Market Trends : Stocks:Bulls and Bears

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To: Travis_Bickle who wrote (124)	4/23/2008 4:13:43 PM
From: Travis_Bickle	of 162

Federal-Mogul Corp. on Wednesday traded on a major stock exchange for the first time in six years, moving from over-the-counter obscurity to post an opening day gain on the Nasdaq after years of toiling in bankruptcy Goldman Sachs analyst Patrick Archambault reiterated his buy rating on Federal-Mogul shares following the results, explaining that the stock likely won't remain a bargain compared to its rivals for long. "The quarter highlights the significant diversification advantage [Federal-Mogul] has versus several supplier peers who we expect to report very weak [first-quarter] earnings in the coming days," he said. Clearly, relying too heavily on the domestic auto market, which has been slammed by the housing slump and record-high gas prices, has clobbered several suppliers. Federal-Mogul, however, has managed to spread out its business to such a degree that no single customer accounts for more than 7% of revenue. marketwatch.com So far so good, looks like a keeper.

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