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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Beachside Bill who wrote (38784)	3/5/2002 9:49:23 AM
From: Paul Moerman	Read Replies (1) \| Respond to of 53068

Bill, FMO is tainted by asbestos liability, which drove them to seek protection under chapter 11. I'm buying more - not so much for technical reasons as fundamental. Any court settlements for other companies also under the asbestos cloud can potentially move FMO back up. I believe such a decision involving Honeywell may be due in the next day or two, and HAL is another company that was artificially depressed due to asbestos overreactions. FMO could revisit .50, but if you look at their underlying business, they are a solid company and at some point, will be taken over if they can't pull themselves out of the mire. Many of their products are market leaders, some may even be sole source for national defense purposes. I'm not counting on an immediate jump in price, and have limited my portfolio's exposure to FMO to under 10% in case I'm wrong. Wish me luck! <g>