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Non-Tech : Gehl Company

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To: Michael Bakunin who wrote (20)2/12/1998 11:52:00 AM
From: Michael Bakunin  Read Replies (2) of 97
 
Hard to argue with (diluted) earnings of $0.43/quarter, $1.95/year. Consensus estimates (Zacks via Yahoo) by the two [2] brokerages following this stock were $0.31/quarter, $1.82/year.

Check biz.yahoo.com and for details.

Dain Rauscher recently downgraded Case, arguing CSE should trade at a discount to Deere on a PE basis, and was now within 10%. Applying that criterion to Gehl relative to Case gives us a a PE of 11.3 (90% of Case's 12.5), and a stock price of 22. Since the stock jumped to 21 on the earnings, I think it's a hold.
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