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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: TRIIBoy who wrote (11962)	11/7/1999 7:10:00 PM
From: RockyBalboa	Respond to of 18998

Thanks, I consider some hedging / spread exaggeration strategy here.

To: TRIIBoy who wrote (11962)	11/7/1999 8:45:00 PM
From: peter michaelson	Read Replies (1) \| Respond to of 18998

TRIIBoy: I agree that BELFA/B is an interesting stock, but can't agree with your assertion that " the valuation is so absurd." I see a company with about $25 million operating profit selling at about $200 million. That works out to more or less a 14x P/E. Growth is huge this year, but due to acquisitions. Roughly adjusting for acquisitions, it seems that growth has been very slow. This is not to say that the stock will not run, as you predict. But it was at $12 not too many quarters ago, so it has already run a good bit. Just my 2 cents. peter