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

To: blankmind who wrote (19046)	4/6/2004 4:05:54 AM
From: blankmind	Respond to of 78870

On INV, i previously said the latest earnings guidance was $1.50 - $2 - but here's the latest-latest from yahoo boards: Revised 2004 guidance from 1/16/04 was $1.40 to $1.60 per share. The Company has $4.00 of excess cash per share, and a PE excluding this excess cash of 3.3 times. Clearly, the company is undervalued and with a quarter or two of profitability under its belt we should see multiple expansion. Further upside available through a capital event (repurchase of stock or special dividend), or simply the deployment of this excess cash to grow earnings. DN seems to have strong track record and I've been watching his public >5% investments - AMED is a great example. I bought at $4.00/share about three years ago and stock is now at $27/share (naturally, I sold out early). Good luck.