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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: JoeinIowa who wrote (3005)9/12/2003 3:15:27 PM
From: Ken W  Read Replies (2) | Respond to of 23958
 
Joe

IMCO: The committee has come to a conclusion.

It could go up or it could go down! LOL

stockcharts.com[m,a]waolyyay[pb50!b200][vc60][iUb14!Lp14,3,3]&pref=G

Upside could be 10 or the downside could be near 5. In the meantime it could just stay between 7 and 8 based on the daily chart. At any rate there must be a good reason for Sergio to place the stock in the folio.

Back to the donuts for lunch.....NOT! I'm saving up for a ton of lobster dripping in butter. <GGGGGGGG>

Ken



To: JoeinIowa who wrote (3005)9/13/2003 10:31:36 AM
From: Sergio H  Respond to of 23958
 
Joe,I admit that IMCO is a high risk proposition. It's bottom fishing at a premium since the stock has already rallied in anticipation of improved earnings. I definatly agree with Ken's short term TA reading....50-50 on this stock, but longer term the prospects are more compelling.

On the other hand, CRV is just starting to get some play. It's now selling at book value but its dirt cheap relative to most valuations, particularly P/S. What I really like about this stock is the free cash flow. CRV carries a heavy debt load but the free cash flow + the cash in the till exceeds the debt. As long as the cash is flowing, lets hold on to this stock. They're paying a nice dividend to boot.

Sergio