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Non-Tech : Lufkin Industries (Nasdaq: LUFK)
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To: Todd D. Wiener who wrote (52)3/30/1998 5:26:00 PM
From: Steve Hufnagle  Read Replies (3) of 103
 
I like the multiple expansion possibilities you mentioned. With so many stocks overvalued it is difficult to find companies with true potential for multiple expansion and lower downside risk at the same time.

A friend of mine visited Venuzuela last month and I learned about how they like to buy from local companies if possible. Oil is very important to the political leaders of this country and I know that they depend on the continued export of oil for survival.
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