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Strategies & Market Trends : Value Investing

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From: Paul Senior	3/17/2010 2:25:48 PM
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NWPX. Ah, that pride/shame ratio. In posting a buy here, oh the low pride/high shame of it. Company undergoing SEC investigation. Lawyers everywhere filing lawsuits against the company. With all this, not really possible to value the company. Especially if there are going to be restatements of revenues and/or earnings. Otoh, the company does actually manufacture a product - the pipe used in gas/water pipelines. Business hasn't been good - where's that Stimulus for infrastructure improvements? This stock's been beat down before, and I've been a buyer at that time. And a holder --- it did take a discouraging few years for the stock to recover. I believe the stock's down low enough where I'll make the same bet again now. For only a few shares though. finance.yahoo.com

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