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

To: Spekulatius who wrote (32152)	9/25/2008 4:32:33 PM
From: Paul Senior	Respond to of 78464

PCP. Thanks. Always nice to have somebody else to talk to who has the same stock. -g- Positive PCP article here: Message 24833461 My initial impression of Precision Cast Parts is of big castings, Wyman-Gordon big fuselages. (Sorry I didn't keep PCP when they bought WG, which I held.) It's the other businesses - industrial gas turbines - that now seem to grab my attention: “Our aerospace business continues to see strong and steady demand across the base OEM and aftermarket programs,” said Mark Donegan, chairman and chief executive officer of Precision Castparts Corp. “With our significant content on the 787 and A380 platforms, we would also expect growth to accelerate as these schedules ramp up to full production. In addition, we have further opportunities to grow our market position, especially in our fastener business. And, as we grow, we will continue to leverage sales through greater efficiencies and improved performance across our operations. “On the power front, IGT demand is putting significant pressure on our manufacturing facilities, and that will continue for the next several quarters until our new facilities come on line,” Donegan said. “International markets are currently driving this heightened level of activity, but North America is expected to need additional capacity in the future. Our extruded pipe business, which supports both coal and natural gas installations, is also operating at historically high levels. Sales in the first quarter increased more than 50 percent over last year, while the backlog now exceeds $900 million. Here's a presentation I've come across now. I'll look at it tonight. precast.com At current price and value -- p/e --, and with its business in growing markets, the company and stock should do okay over next couple of years, assuming no USA or international depression. Seems an obvious buy though if country/world muddle along. Well, imo, although I've been wrong many, many times.

To: Spekulatius who wrote (32152)	9/25/2008 4:44:23 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78464

UTX. Everything aerospace/military looks suspicious to me. Didn't stop me from adding to my few shares of UTX today near market close as stock has fallen. ------------------- They'll get their share of the Chinese market. And once an Otis is installed, it's not going to be uninstalled. Maintenance revenue is nice source and stream of funds. P/e -- p/sales --p/book of this great company are as low as they've been in a decade. Well...if we're seeing another 1972-1974, company might still be profitable and p/e still get chopped from 11-13 to 5-7. And if nobody wants stocks anymore because of the financial crises - which seems possible or actually to be happening - then the stock could fall further. And if we enter a severe recession, earnings estimates and earnings could be or will be reduced. I say it's a buy though at current price. Well for me anyway.