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Non-Tech : Gehl Company

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To: Michael Bakunin who wrote (77)2/12/1999 1:28:00 PM
From: Michael Bakunin  Read Replies (1) of 97
 
Once again, earnings are fine:
biz.yahoo.com

Highlights from the PR:
- good top-line (new products, strong dairy & construction markets)
- acceptable margins (troubling)
- debt paydown (excellent -- just what I wanted to see)
- lower receivables, inventory
- more financing (always a risk, even when sold)

On balance, a good report; as always, I reserve judgement 'til I see the actual 10Q. Main concerns for me factors include the world and US economy, Gehl's specific markets (currently rosy in both light construction and dairy, which can turn on a dime), margin pressure.

I'm still holding my shares, but I feel the good news is in the price.

mb
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