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Gold/Mining/Energy : Titanium Metals Corp (TIE) -- Ignore unavailable to you. Want to Upgrade?

To: MWitte who wrote (19)	1/6/1998 6:55:00 PM
From: MCsweet	Read Replies (1) \| Respond to of 229

RTI vs. TIMT revisted I noticed earlier you have a Boeing email address. It is nice to know that you are bullish on these companies! One more thing on RTI. I am very interested --- enough that I might even sell off more of my OREM, since it has already substantially appreciated and I don't want too much stock in one highly-specialized and volatile industry. However, what about the fact that due to loss carryforwards 1997 tax rate is about 10%, while RTI says if the 1997 profits were repeated in 1998 then the tax rate would be approximately 20-25%? Also, although they say that 1998 orders with Boeing are already booked, and that they believe that they can replace the lost business, they don't sound certain that they will be growing sales past 1998. With an increase in tax rate, it is not clear to me how they will grow earnings past 1998. I do like the P/E, P/BV, and the near term growth rate of RTI. Heck, even the long term EPS growth rate looks good (18% from Zacks). I'm just wondering whether the analysts have updated their long-term estimates based on the recent news. If I could get a clearer grasp of this longer term picture, I'd be in for sure. Thanks! MCsweet