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

To: Spekulatius who wrote (18880)	3/16/2004 10:39:19 AM
From: Grommit	Read Replies (1) \| Respond to of 78517

BDK and BLI. I agree very much with the BDK pick and bought some. I also have been watching Paul's BLI mention awhile ago and his remention brought the price decline to my atention, so I bought that one too. Also bought back my HKF and some ROST after nice declines. thanks and good luck. Grommit

To: Spekulatius who wrote (18880)	3/16/2004 12:52:31 PM
From: - with a K	Read Replies (2) \| Respond to of 78517

I have been watching BDK on and off for a few years now. Looks good here. I used consensus of 11 analysts below. First Call shows 7 with a "hold" and 1 with an "underperform," which could change and help the stock, IMO, as the economy continues to improve and management implements their plan. Forward PE of 11.6. S&P "Buy" (5 stars) "....gain market share in key markets via new products or acquisitions... company is focusing on cash flow generation....buyback should continue...cost saving benefits from restructuring started in 2001 to be $100mil annually...DFCF model suggests BDK trading at large discount to intrinsic value..." 20 of 39 manufacturing facilities outside US. Products sold in 100+ countries. Parent of DeWalt tools (didn't know that!) Company: BDK Date: 3/16/04 Next year's expected earnings: $4.73 EPS growth rate used for estimate: 10 P/E maximum used for estimate: 12 Graham Fair Value: $106.56 Current Price: $52.60 $ difference: $53.96 Percent Growth to Fair Value: 102.58% Obscure international news snips that peaked my interest: Mar 01, 2004 (B&T Weekly - ABIX via COMTEX) -- Australian power tool maker, Black & Decker, turns 75 in 2004. It will celebrate the occasion with a series of television advertisements about the company's history and its people. It will also turn its attention in a new direction, developing a market for power tools with women consumers. Mar 01, 2004 (B&T Weekly - ABIX via COMTEX) -- Product placement advertising has worked well for Australian company Black & Decker. Its power tools were used prominently in the first series of the Nine Network program "The Block". This popular reality TV show portrayed couples renovating a block of flats. The product placement meant that Black & Decker power tools were constantly on display. The advertising worked so well that Black & Decker agreed to sign on for the second series of "The Block", to be filmed in 2004. The company found that many consumers saw the power tools being used and wanted to buy them for their own renovation projects.