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

To: Paul Senior who wrote (43908)	8/15/2011 10:45:40 AM
From: Madharry	Read Replies (1) \| Respond to of 78503

ttt reported good results and possible distribution of non core assets to shareholders. stock is up 9% and i am listening to the conference call. they are trying to build current asset business and earn 20% return on capital going forward. looking to return about $1.65 to shareholders depending on tax structure. I continue to be comfortable with Mr. Smith managing a big chunk of my net worth. I believe this company is worth about 1.5-2 times book long term and since it still sells at a 10%+ discount to book its ok. they are starting to work in south america, the margins are very good, and they will continue in asia and europe as well. they have decided to hedge the currency on a transaction by transaction basis. he says sales in europe have not been impacted by the current debt crisis. business is good there. they think they have found the right candidate for cfo they are still looking for chief operating officer. looking to find people who can help them grow. Mr. Smiths says his goal is to improve price to bv from .8 to 1.5 by growing as simlar but larger business in his area are trading at 2.5-3 times book. I hope he will achieve that goal.