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Non-Tech : PWJ Paine Weber thoughts?

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To: Bruce H. Becker who wrote (6)12/10/1997 4:56:00 PM
From: Nads  Read Replies (1) of 47
 
Hello Bruce,

I belive that the movement in PWJ is just a market movement not realy related to the stock itself.

The stock is at a fair price, and if one takes into account the volumes of the last few months, then I belive that the next earnings report should be very positive.

The exposure to Japan is limited. The only major factor, as far as Japan is concerned, is that Yasuda Mutual Life holds about 8% of PWJ.

The announcment that PWJ wants to increase its brokers by about 6 000 (do you think that I should apply? I sat the Canadian Securties Dealers exam yeasterday for my pleasure, I do not work in the industry), the fact that PWJ was ranked as the top equity research in the last 2 years by some specialised publications (I do not have their name) and the fact that PWJ has increased its dividend are signes of a company that is a nice little jewel to have.

Their are 2 things that I am not too sure about and that is:
1- GE holds >20% of the shares;
2- Southeastern Asset Management holds > 10%.

Bruce if you like PWJ, their is an other little company that I am reserching, Michael Foods, MIKL on NASDAQ that could appeal to you.

Nads
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