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

To: Paul Senior who wrote (22550)11/20/2005 1:29:13 AM
From: bruwin  Respond to of 78717
 
I would also agree that WIRE is currently expensive. However, I base that on its current 12 month trailing P/E of 27.
But because WIRE is a low-cost manufacturer of copper electrical building wire and cable, and copper is currently in demand, "the Market's" enthusiasm may drive its price up to wherever ! As is often the case, logic will ultimately prevail.
In my opinion, the price of WIRE could very well depend on the ongoing demand and price of copper, and at the moment that seems Up.



To: Paul Senior who wrote (22550)11/21/2005 9:45:19 AM
From: bozwood  Read Replies (1) | Respond to of 78717
 
re: WIRE

Paul, I bought early in the year and recently sold my shares around $23. It could go further, I guess, but my feeling was that it hit full value and therefore I took my gains.

Maybe I should have posted the write-up I had put together instead of the couple of sentences I wrote to recommend the stock, since it worked out well.


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