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Strategies & Market Trends : Value Investing

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To: Shane M who wrote (5851)	1/24/1999 4:43:00 PM
From: MCsweet	Read Replies (2) of 78476

Coastcast Corp (PAR) Stock Price $9.50 Book Value $9.75 Cash $3.28 PE 7.39 PS 0.55 Company sells golf clubheads. Is profitable, selling below book value, plenty of cash, interesting insider transactions (both buy and sell, but I think it nets to recent buying), no long-term debt, and a share buyback in place. Did miss recent earnings estimates, but you don't get these kinds of valuations without a few hiccups. I am not golfer and I don't know anything about the golfing industry, but based on valuation this stock looks good to me. MC

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