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

To: - with a K who wrote (18656)	3/29/2004 11:59:19 AM
From: - with a K	Read Replies (1) \| Respond to of 78472

BEL preannounces and gets whacked. I had been troubled by the breakdown in the chart and the community resistence for the Belledune project as reported on the Yahoo thread, so I began scaling out in early March. I sold my last portion on Friday. All told, got out with a 4% loss and will look at BEL again this summer. The Company has just been advised by two of its larger customers of the likelihood of significant delays in shipments of soil from their sites. The delays are due to site preparation activities on the customers' sites that are not yet completed and are holding up the excavation and shipment of contaminated soil. These delays were unforeseen by the customers and were expected to be completed in late March and early April. As a result, the Company will incur an unscheduled shutdown that could last for several weeks, possibly until May or until shipments resume from these or other sites. Depending on the duration of the shutdown, this is expected to negatively impact the achievability of the full year earnings estimate. The Company still expects to receive the same volume of contaminated soil from these sites, however shipments will now commence at a later date than was originally expected.