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Strategies & Market Trends : Value Investing

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To: Richard Barron who wrote (3006)	1/11/1998 11:32:00 PM
From: Ron Bower	Read Replies (1) of 78683

Richard, I also like MAX, but I think it will be showing market weakness until they can prove they are back on track. It really hasn't fallen much off of it's highs in spite of the write-off. This is the reason I bought MEOHF. It is well off of highs. If it makes projected earnings, PE will be below 7 at current price and I believe we'll see 12-14 range fairly soon. With the share buyback, cash, and current expansions, I believe they will continue growth. Their next earnings report will be compared to a year ago loss!! Thanx, Ron

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