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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bob Rudd who wrote (12422)	5/4/2001 11:59:27 PM
From: Bob Rudd	Read Replies (1) \| Respond to of 78517

ALLC - Correction 'I read an A.G. Edwards report that knocked them down, and didn't see anything to worry about [They might not grow quite as fast as we'd expected - that sort of drivel].' REPLACES 'I read an Alex Brown report...

To: Bob Rudd who wrote (12422)	5/5/2001 1:54:06 AM
From: Paul Senior	Read Replies (2) \| Respond to of 78517

Bob, ALLC should work out okay long term. I meant to add to my position also but did not get a fill because I goofed and entered 19.90 instead of the 21.90 that I wanted. When I realized my error I used the funds instead to add to my REITs by taking a new position in CLI. (I don't suggest that CLI or any other REIT would be a substitute for ALLC though.) I like CLI's high and growing dividend, large size (suitable for institutions and funds), and broad in-house capabilities. Also, my other REITS predominate in the California market and to a lesser extent, the SW USA. CLI, primarily in the NE, gives me a little more geographical diversity, especially adjacent to the NYC market (I wonder though if New Yorkers might be right if they were to tell me that there's NYC and then there's everything else - adjacent means not being a contender -g-.) -------- I gave up on my exploratory position in ITW and used proceeds to buy CLI. I went in ITW 8/00 @ 58+ and out today about 5 points higher. I like conglomerates, and ITW is one of the best, so they say. Very good, very well-managed company (from what I read). However, the stock has danced between 50 and 65 (roughly) for almost two years now, and with the company expecting earnings $3.00-3.20 this year (down from recent prior years), I expect that trading range to stay intact. (Well, actually it would except that since I sold, I of course now have the dread feeling that a breakout is imminent -g-). Anyway, I will bet that if I'm still interested in ITW, I can pick some up later at lower prices than current. Paul S.