Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : SPIN-OFFS "secret hiding places of stock market profits" -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (345)	10/20/1999 8:48:00 PM
From: Stewart Whitman	Read Replies (1) \| Respond to of 1185

Paul, I looked at OMN - didn't really like the growth part of the equation, the industry (construction) outlook at the current time, or the history of value creation for the combined company. From the 10-12B: - 42 million shares - $766 Sales, $1.10 EPS for FY '98 (ended Nov. 98) - $367 Sales, $0.55 EPS for 6 Months '99 (ended May 99) - $302 million in equity ($7.20 book value/share) - ~$200 million in debt - $8 share price - 36% Performance Chemicals, 64% Decorative & Building Products Most of the growth has come through acquisitions, otherwise, things have looked pretty flat to me. It's cheap for sure but there are lots of construction-related stocks out there for similar prices and better pure-plays to attract investor attention. CIR has recently been spun off. 10% growth rate through intrinsic growth and acquisition, trading below book ($13), $0.88 EPS, $10 share price. Not outstanding yet, but one to watch especially in Oil & Gas stay strong. Been adding to JCP, TEN, ARJ. Will add to VTIV once I lose a little bit more money! DPH is getting to be close to a buy for me and would be a long term hold (it needs 3+ years to work out its strategy). IT class B recently distributed also looks interesting. JCP (dropping like a stone) would probably be my top pick especially with the recent sale of its Credit Card business. Thought I saw you owned JCP at about $35 before a previous run up - are you in it now? Stew