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Non-Tech : TJT Inc. (AXLE) - Undervalued Special Situation -- Ignore unavailable to you. Want to Upgrade?

To: JOHN E.DAGGS who wrote (45)11/22/1997 1:03:00 PM
From: Walter Fabisiak  Respond to of 192
 
Ed:

The fact of the matter is that AXLE turned in a record year and has set itself up to turn in another record this year. I suspect that the lack of interest in the stock is due to the fact that the company does not have the support of its underwriter and a number of former Toluca Pacific clients are selling to take tax losses.

Fundamentally sound stocks take longer to discover and being in an unglamourous industry doesn't help AXLE. Keep in mind that the insiders own a lot of stock so that they have a vested interest in getting the price back up to its former levels.

Walt



To: JOHN E.DAGGS who wrote (45)12/31/1997 8:04:00 AM
From: Walter Fabisiak  Read Replies (1) | Respond to of 192
 
Ed:

It looks like last minute tax loss selling has driven down AXLE to about its book value. At its current price, AXLE could be an attractive acquisition target.

Walt


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