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Strategies & Market Trends : Three Amigos Stock Thread

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To: Amigo Mike who wrote (5)1/20/1998 12:34:00 AM
From: LTK007  Read Replies (2) of 29382
 
Michael I will check out OLGC--now I offer up a stock I am very close
to deciding on buying into--It is D.R.Horton(builders--DHI) which will
soon be absorbing Continental Homes in a 2.3 to 1 stock swap.There
estimated revenues with this merging will be 1.3 Billion for this year.It is covered by 7 brokerages and they all rate DHI as a strong
buy(a perfect 1.0 score) After the merger was announced the stock
went from 21 to about 17,but then S&P reported it was a fine,synergistic merger and saw it as a positive.The stock has since
begun a rapid rebound and was at 19&1/2 at last close.
This I feel is a good short-term play candidate and an excellent
longterm investment--it has the potential to run to 40 this year if
the market has a decent year in general.--O,yes,the stock is owned
48+% by institutions and 41+% by insiders.max90
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