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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (36634)	11/18/1998 10:18:00 AM
From: HB	Read Replies (1) of 132070

Mike, commodities thoughts. Did you see the piece in Barrons, not last weekend's but the one before, where the chief of ASARCO was saying he thought copper was going way up? (It was Cheryl Straus Einhorn's column.) What did you think? Since you (and I) own some CH, this is relevant. Rhythm & Blues Falcon is acting like a funky chicken. I don't own yet but it might be interesting around 8-10... that would be around 1X sales, no? I think Asia recessions could keep worsening before getting better (possibly combined with US or Europe slowdowns although G-span, and perhaps G-7, seem willing to counteract that possibility and may succeed)--- that's why I've been reluctant to buy in oil sector yet. This just didn't sound too promising: biz.yahoo.com ... I like to give news like this time to run... but I've given it a little time, and FLC has come down. Do you have ideas as far as a "typical trough sales multiple", or other typical trough valuation measure? (How relevant is book for these companies?) Take care, HB

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