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Strategies & Market Trends : Value Investing

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To: Brendan W who wrote (5291)11/17/1998 5:02:00 PM
From: OldAIMGuy  Read Replies (1) of 78568
 
This is the first time in a while since I've stopped in at Value Investing. There's a local company that I follow and invest in called OmniQuip International (OMQP). Call it the Peter Lynch method, the city of Port Washington is only about 10,000 people, and with OMQP a major employer in the area, it's pretty hard not to know what's going on. I'm pleased with my results so far (I've owned it about a year) but it's taken active risk management. With a 52 week high of $26+ and a low of $8+, it's still reasonable at $11-$12/share.

The fundamentals are discussed in the expanded version of Value Line. Right now it's showing a P/E of about 6 while growing at a very respectable rate. Last year they had a couple of large acquisitions which have taken a bit of time to digest. It looks like they are on track again now.

Their business is tied to residential and commercial construction in that they make off-road utility vehicles such as telescopic cranes, work platforms and small front end loaders. Most of their business at this time is domestic US, so overseas doesn't affect them. They have plans to expand overseas some time in the future as they continue to grow.

Just thought some of you might have some interest in this small manufacturer. If you look at the growth rate vs the P/E, I think you'll agree this is good value for investing.

Best regards, Tom
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