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To: Steven Ivanyi who wrote (19767)8/16/1999 6:44:00 PM
From: Jock Hutchinson  Read Replies (2) | Respond to of 25814
 
Steve: I think that the sort of short you are talking about, won't appear until it hits the 70s, which may well be in a shorter time period than you think. It's current valuation isn't all that rich, since it's selling at about 29 times the forward look (discounting the Gresham start-up).