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

To: Paul Senior who wrote (3947)	4/29/1998 9:51:00 PM
From: Joe Sixer	Respond to of 78476

Paul: Titanium Supply Just a bit of news I remembered reading a week or so ago - FWIW. > Need some clarification. You see this as a neg. or pos. for TIMT? < Depends on what the business is. At first blush if you are a supplier of raw materials it would be negative. If you are a manufacturer of finished goods a positive. Do not have a position in the industry and not that familiar with your company. A lot of facts would have to be gathered to answer your question. How much has the govt. stockpiled? What form is it in - ore, billets or whatever? What is the demand? If TIMT's long term fixed rate contracts are for materials in the form the govt. would be disbursing - perhaps not so good. You're asking the wrong guy whether its a positive or negative. I'm a lousy analyst. I can barely read a balance sheet, hence the handle. My stock picking would be better relegated to throwing darts at a board. All my friends use me as a contrarian indicator. I get no respect. I'm up to my eyeballs in MO and before this is all over may well wish I had titanium as opposed to tobacco. Need I say more........-g- Good luck with your investments, Joe

To: Paul Senior who wrote (3947)	4/29/1998 11:52:00 PM
From: Scott Mc	Respond to of 78476

TIMT has a convertible preferred security, which could be a good way of playing it, especially if its long term. Its $3.3125 converts into 1.339 shares, it may still be under 144 rules, not sure.. Re Beazer Homes(BZH), announced a big earnings surprise today, also in the conf call said they would be calling their converts in Sept, I was partially hedging them with shorts, but after the good earnings I closed all my shorts with a small gain.. Scott