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Non-Tech : Recovery Engineering (REIN): PUR filter
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To: Wade who wrote (48)6/15/1998 12:03:00 AM
From: Wade   of 67
 
Apparently, there are enough people believing this stock was overly extended. What we are seeing is an very good shake out and a badly needed correction. However, the new ball game is very complex at this point. I will be watching its development in the next several months. May be we are ready to buy again. However, where is my $1 earning? Can this company continue to grow? I believe so. But, how much of the growth can they generate from the drinking water business? Is its momentum really slowing down? What is the most reasonable strategy to
revive its growth momentum?

REIN has no other filtration products to soften the blow. This company is more volatile than most of the filter company. The best pick is CUNO in this sector, IMHO. CUNO is slightly overly extended. However, it is the-new-kids-in-the-block. I believe it will do well in the next 12 months...just MHO.

Sincerely,
Wade
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