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To: H James Morris who wrote (106922)	8/3/2000 10:16:36 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

OK, HJ. First, that was a hilarious post to KIS about Naveen Jain's 113,000 relatives in Seatle. But I really must take exception to your statement: "Why do you think the Auto industry stocks suck?" Auto supplier stocks have reached absurdly low prices. Their P/E's can be counted on the fingers of one hand. Some even on a pigeon's toes. But as a value investor, you might take notice that Carl Icahn is now buying into the industry. And yesterday a private group bought MascoTech for a 50% CASH premium over its recent price. A few days ago, Terex sold one of its divisions to a private group for 1.5 times sales. Prior to that, the parent company had been trading at 0.20 times sales. So you can see how much up-side there is. quote.com Shares of MascoTech rose nearly 40 percent on the news, climbing 4-9/16 to 16 in afternoon trade on the New York Stock Exchange and trading just shy of its year-high of 17-11/16.