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

To: Stewart Whitman who wrote (357)	11/17/1999 8:06:00 AM
From: Paul Senior	Read Replies (1) \| Respond to of 1185

Thanks, Stew, for that analysis of ALT parts. Doesn't look as good an opportunity as I had first hoped. Got interested in ALT because the the stock price has come down to near annual low. With a 4% div. yield, relatively low p/sales and p/e and p/book, plus an okay ROE, I thought the stock on its own looked attractive. Coupled with the spin-offs possibly unleashing some value -- the totality of the parts at least pushing the combined stocks higher than ALT's current 15+, and this maybe occurring within a month or so -- it looked like an okay bet. Now, I'm not quite so enamored, although buying ALT now might still work out okay. Paul