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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (45762)12/2/2011 1:14:15 PM
From: Spekulatius  Read Replies (1) of 78673
 
I added XLS too. the SEC website now has information ( a presentation dated 12/1 and the Q3 earnings). FWIW, in their last earnings, they made 101M$/185M shares=55c/share. 600M$ in net debt. I think the issue is the pension obligation, which is larger than thought. ITT stated that they re-measured the Pension obligation and the net deficit is 2.1B$ (900M$ higher than initially estimated a few month ago before the spinoff.

I think there was an intend to dump this on XLS.

sec.gov
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