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Strategies & Market Trends : Investing for the January Effect 2000 -- Ignore unavailable to you. Want to Upgrade?

To: GBT who wrote (54)	12/28/1999 3:56:00 PM
From: Archie Meeties	Respond to of 109

January Effect Picks. TMR 2 3/4 CRK 2 7/8 MEXP 1 Will post again at sell.

To: GBT who wrote (54)	12/28/1999 6:11:00 PM
From: Q.	Read Replies (1) \| Respond to of 109

GBT, I agree that LII looks interesting. The company, which made the furnace and a/c in my house, is quite sound. They are growing revenues by acquiring retailers. It looks like a fairly easy company to understand. Their margins are not very high, but it is nevertheless a perfectly respectable company. The multiples are appealing, as you noted. The price/EBITDA is a mere 2.2. MarketGuide shows a very low institutional owership, but I'm skeptical about this. It IPO'd this summer, so maybe MG's data doesn't reflect the post-IPO ownership? The chart looks like an IPO that completely failed to hold its price up, and selling just went on and on and on. Historically, a lot of IPO's do poorly in their first year, I've read. I wonder if this one has worked out all its decline yet. BTW, I picked up a piece of PROG today.

To: GBT who wrote (54)	12/28/1999 6:26:00 PM
From: Mad2	Respond to of 109

I see N has commented a bit on LII. Another interesting one. Low float. Possibly a roll up with a fair amount of leverage. Has suffered some analyst downgrades. Definitly worth looking into with some good brands. I'm interested on how much control this company will have over its cash flow as they have a rather high percentage of debit to service with their funds from operations. Wonder if anyone here has looked into FTL, another company with great brands, but possibly to be engulfed by bond/debit holders. Best Regards, Mad2

To: GBT who wrote (54)	12/28/1999 8:46:00 PM
From: peter michaelson	Read Replies (2) \| Respond to of 109

Wow, Lennox is really cheap. Business seems to be in good shape. $1.50 of earnings thru 9 months. 44 million shares, priced at $9.50. $575 million book value. $300 million debt. Solid name. What seems to be the problem other than CEO's $6 million in compensation? Oh, a merger. Ah. About 12 million Lennox shares will go to acquire Service Experts - which shows $20 million of 9 month operating income. Doesn't seem like such a bad deal. hmmm Lennox is insider controlled I see. Best way in is to buy SVE I should think. hmmmm peter