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Non-Tech : Lufkin Industries (Nasdaq: LUFK) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Bond who wrote (7)	2/18/1998 12:58:00 AM
From: Todd D. Wiener	Respond to of 103

Jeff- Welcome aboard! Several things regarding TA on LUFK: If the stock can close above $32 on heavy volume, the downtrend will have likely been broken. The stock is currently testing its 200-day MA. If the news tomorrow, regarding LUFK's 1998 outlook, is good, the stock will likely rally to $34 or so. If the outlook is negative at all, the stock MIGHT break its support and fall to $28. It will help if the company announces a 2-1 stock split and a dividend hike. The stock is a few hours away from being as cheap (trailing P/E) as it was in spring 1997 at $22. Some TA indicators are bearish, while others indicate a possible reversal. The bottom line is that the press release will determine the stock's near-term movements. I suggest you wait for the report before buying any, just in case the news is less than wonderful about 1998. On the other hand, if you wait, and the news is great, the institutions may get there first. But in a stock such as LUFK, the individual (assuming he has an online broker) has an even playing field with, if not an advantage over, the institutions. The most likely scenario is that the company will announce very good Q4 numbers, and it will give a cautiously optimistic outlook on 1998. The company's business fundamentals are excellent. The only issue is whether LUFK will experience order cancellations or pushouts from its oilfield customers. Todd

To: Jeff Bond who wrote (7)	2/18/1998 9:25:00 AM
From: Todd D. Wiener	Respond to of 103

$0.74 basic, $0.72 diluted. I believe that this matches expectations. biz.yahoo.com

To: Jeff Bond who wrote (7)	2/18/1998 10:03:00 AM
From: Todd D. Wiener	Respond to of 103

LUFK is now trading at a trailing P/E of 14.2. The stock is up 1 on very light volume. It hasn't been this cheap for over 9 months. Its price/book value is 1.3 and its price/sales is .7. LUFK is trading at its net asset value. It's still very cheap. T