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To: reaper who wrote (218467)	2/3/2003 5:44:21 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

you catch this?? Analyst beating up company for not doing stock buyback -- LOL >>"Now would appear to be an ideal time for Beazer to seriously consider buying back stock," Zelman told clients, noting that the company has a discounted valuation of 5 times 2003 earnings and her estimates call for 2003 free cash flow of $100 million. "Share repurchases would not only improve its declining return on capital but would also mitigate downside risk to its shares." Because the company is not taking advantage of the opportunity to lower risk by buying back shares, Zelman said the stock should be "slightly penalized" and taking all the factors into account she expects it will perform in line with the group. Her price target for Beazer dropped to $74 from $96. <<