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Non-Tech : soc-sunbeam
SOC 9.680-3.1%Jan 30 3:59 PM EST
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To: Bald Eagle who wrote (307)12/17/1998 4:26:00 PM
From: EUGENETUCK  Read Replies (1) of 407
 
<<<Actually, this stock was recommended to me by a stockbroker friend when it was 10.
My average is about 7 now.. His time horizon was two years. Let's check back then :-) >>>

It was recommendations like that, bottom-fishing among sorry companies, that led to me switching my account to a discount broker and making my own decisions. I figured I couldn't do worse.

However, a two year time horizon could make a big difference. If good people are running the company, I think they may sell non-profitable subsidiaries like Coleman and reduce the huge debt. Also, Coleman could be turned around.....but in the meantime Sunbeam is paying out a lot of interest. These are low-margin businesses, and keeping expenses down is very important.
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