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Non-Tech : Gehl Company
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To: Marz who wrote (73)10/15/1998 12:48:00 PM
From: Michael Bakunin  Read Replies (1) of 97
 
You know I like the company -- but I'd be surprised if the stock were to start a "meaningful uptrend". I doubt its price will make serious headway in the next year or two.

One, the economy is slowing (some folks, taking their cue from the yield curve, are now predicting a mild recession). Two, the broad ag equipment outlook is poor; just look at the muttering coming from Deere and Case. Three, I don't think the construction equipment outlook will remain as rosy as current demand might indicate.

I'm not a trader, I like the company, I don't see compelling alternatives in the sector, and I feel the stock's rationally priced. However, it's not cheap and risks of revenue shortfalls are marked.

mb
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