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To: Richard Russell who wrote (26978)	1/22/1998 3:32:00 PM
From: TREND1	Respond to of 53903

RR Value like beauty is in the eye of the beholder ! An dthe beholders agree at 33 1/2 today (g) larry dudash

To: Richard Russell who wrote (26978)	1/22/1998 5:48:00 PM
From: Thomas G. Busillo	Read Replies (2) \| Respond to of 53903

RR, I don't think it's WHERE the value is as much as WHEN does the value that everyone seems to be expecting actually materialize. They're estimated to lose money for the FY, but the thinking in some camps is probably "well, with all the cutbacks, eventually things will get better for the industry", prices will go up, GM's will go up, estimates will go up, etc. IMHO, the "good stuff" won't be happening at ground zero for several quarters, but it seems like some analysts want to be "ahead of the curve" on this one. The stock price seems to pricing in a lot of stuff that on paper makes sense down the road, but it's anyone's guess when it actually happens. This was always a traders' stock anyway, and now with all this discounting/analyst activity maybe it's even more so. Good trading, Tom