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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?


To: jtech who wrote (42745)2/26/2003 8:26:12 PM
From: jtech  Read Replies (2) | Respond to of 43080
 
Folks,Im not saying aho wont go lower but I believe this is a very good buy.Today you can buy it at $3.
I have been buying over the last few days.My first buy was @ 3.68.My limit was higher but it opened lower than my limit.
Monday morning I responded to the news within 15 minutes and that was around 4:30 am eastern.I follow it .
If they were to go bankrupt many companies would love to have pieces of it.This is not a dotcom company.There is actual value regardless of accounting issues.
P/e is now at historical lows.
Foriegn company crooks are not nearly as bold as American companies.
AHO-Pretty conservative crooks I might say? Thats because food service companies operate on 1-2% of margins.There is not alot of room for manipulation.
You can bet your ass lots of food service companies are looking for a chance to get a piece of this company.
Its a double over the next few weeks.