Howmet Intl. HWM / Thiokol joint venture ipo Message Board

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Technology Stocks : Howmet Intl. HWM / Thiokol joint venture ipo

HWM 207.62

-0.9%

Dec 30 3:59 PM EST

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To: Steve who wrote (7)	12/31/1997 9:57:00 AM
From: Dick Roy	of 24

Check out the Lehman Bros site under Aerospace; they have an interesting analysis of HWM with comparisons to main competitor PCP. Bottom line is they are positive on the stock: effects of previous leverage buyout wearing off (according to Lehman not recognized in market yet). They have 12-18 mo. target price of $25. (Present stock price is depressed by near-term effects of restructuring charges, but I would say that now or first quarter 1998 is good time to buy in). Related areas upstream are also very interesting now, check out TIMT (Titanium Metals Corp) which had a nice move yesterday but still cheap

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