Eaton (ETN) is definitely not overvalued! Message Board

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Technology Stocks : Eaton (ETN) is definitely not overvalued!

ETN 373.62

-1.0%

Nov 7 9:30 AM EST

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To: Grand Poobah who wrote (20)	9/18/1998 6:41:00 PM
From: Walter Morton	Read Replies (1) of 338

These are some companies that I think ETN could buy and get a good response from the market: ASYT, BRKS, SVGI, IPEC,SMTL,NVLS, or WJ Most have very low price earnings ratios which make them a bargain, except for NVLS and SVGI. Most have grow more than 20% over the next five year without the cost that ETN could eliminate. WJ and SMTL only have expected growth of 11% and 16% respectively. I like the idea that NVLS would bring ETN's earnings per share over $8, which is one of the company's goal. It would probably cost ETN a $1 Billion to buy NVLS, but it would not be the first time that ETN made a billion dollar acquisition. I believe ETN bought part of Westinghouse in 1993 or 1994 for $1 Billion. Unfortunately, these companies will be probably not be acquired by ETN because ETN has a history of buying parts of companies or private companies. That way most shareholders have no idea of whether or not the acquisition was made at a good price.

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