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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?


To: chowder who wrote (2734)3/11/2005 1:02:05 PM
From: - with a K  Respond to of 13449
 
CMC looks good fundamentally, IMO. For those that care when fundamentals converge with a good TA call:

Company: CMC
Date: 3/11/05
Next year's expected earnings: $3.19
EPS growth rate used for estimate: 5
Multiple Graham used for estimate: 8.5
Graham Fair Value: $41.55
Current Price: $32.94
$ difference: $8.61
Percent Growth to Fair Value: 26.13%


Other reasons causing me to go long:

- lightly followed (2 analysts)

- a basic materials play, part of my LT bullish outlook for world demand

- reasonable valuations, reasonable debt, strong ROE, good growth
finance.yahoo.com

- bullish report in December:
biz.yahoo.com

Thanks for the idea!



To: chowder who wrote (2734)3/11/2005 3:13:40 PM
From: Bob V  Respond to of 13449
 
CMC Stopped out @32.70