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Gold/Mining/Energy : Magellan Aerospace Corp (MAL) New Listing -- Ignore unavailable to you. Want to Upgrade?

To: worldtraveller who wrote (606)	3/18/2000 10:01:00 AM
From: Rick Thomas	Read Replies (1) \| Respond to of 633

Clearly with such a low P/E, the market evaluates MAL as a smokestack industry,low growth rate. Personally, I view it as more of a high tech industry.Management IMHO has done an excellent job at growing the company.The market has not given rightful due to this growth with such a meager P/E.

To: worldtraveller who wrote (606)	3/20/2000 10:30:00 AM
From: thomas gentry	Read Replies (1) \| Respond to of 633

It depends on your definition of "compelling". At the time of this writing, MAL was sitting at $6.45. The fair trading range (by my review of the fundamentals) is $6.21 to $9.66, with an average of $7.94. Rick's technical analysis suggests that market sentiment is bullish. Add to this the recent "rediscovery" of non-dotcom stocks, which again is bullish for MAL. The question which I'm asking myself today is, "Can I do better than 23% (which would reflect a conservative move from $6.45 to the middle of the trading range) over the next month or so, with a relatively low risk of a significant price drop?" At this time my answer is "no". Regards, Thomas