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

To: Paul Senior who wrote (15842)	11/20/2002 3:42:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78644

I'll take an exploratory position in cigar butt OTL. Demand for its major product tetraethyl lead (that old gasoline additive) has got to be going away. Still, the company has sales and maybe earnings. (some question though whether they should be taking "realistic" depreciation - hence earning charges - on one or more of their plants.) Meanwhile they are making acquisitions. Perhaps it's a race to see if they can get the earnings from the other sources to cover diminishing returns from being forced to abandon their major lead product(s). If they could maintain the earnings they say they have for the next 2-3 years, maybe they might be okay. The p/e is very low, and it's waving hello to me. finance.yahoo.com