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

To: E_K_S who wrote (25803)	1/23/2007 9:01:51 PM
From: Dave	Respond to of 78666

EKS: Stock should have a fair value of $18-$20 based on an industry PE of 17. What are you using for "E"? Remember, MWA's doesn't have a "clean" Income stream and what I mean by that is that there are several one off charges that are included in the company's Cost of Sales number.

To: E_K_S who wrote (25803)	1/23/2007 11:03:36 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78666

MWA, MWA.b - the symbol for the b shares is either MWA.b or MWA-b depending on the quote provider. I do not have a clue as to when the market is going to value MWA at private market value, whatever that might be, i simply like their position as a largest company in an attractive market and their potential for increasing profitability. A few years I passed on CMI because of pension liabilities. My bad. but make sure to include the pension liabilities in your EV (not sure if they are still relevant but i assume they are).