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Biotech / Medical : ICN Pharmaceuticals
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To: Robohogs who wrote (920)9/29/1998 6:12:00 PM
From: IRWIN JAMES FRANKEL  Read Replies (1) of 1029
 
I have been buying:

WAMU, big S&L, I think they will be among the first financials to recover, good dividend, relatively safe at 10 times 99eps.

MERCS -- This is a little paper company in Germany (east), it is very interesting. At $6.75 earning $1.25. They are low cost producer. In a good year it could earn $4 before the new plant that goes on line 4th Q 99. With the new plant which increases the quality and guantity of pulp output they could earn $3 in a poor year. Lots of institutions own it. Translation back into the $ from the EMU could further boost apparant earnings. Once they get things going well the company goes on the block. I think this could go up 5 times in 2-3 years.

SORC -- A little data managment company growing 40% per yr. Could earn $.65 next yr. Under $6.

IPCRF -- A high yielding reinsurance company, safe and easy to sit with. At some point it gets bought out at $40.

ZNDTY -- Next year eps 1.88 and stock is $6.875. Produces in China and sells here. They are going to continue to grow rapidly and make good money. Currency crisis and the recent Mattel news hurt them.

Looking to buy, not pulled trigger:

LWN -- At one time someone wanted to buy them for 45 or 55 a share. At 15 it is a turn around situation.

FEET -- Just for feet is growing rapidly, EPS $1 this yr and $1.40 next yr. At $13 it is cheap. I bought it last time it was down here and sold out at 25 to 28. That may happen again. The market action has not been encouraging, which has kept me out.

RealRussian suggested SHG today and I just started looking at it. Seems interesting.
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