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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: PaperChase who wrote (28476)	5/25/1998 11:54:00 AM
From: Knighty Tin	Respond to of 132070

Chaste One, I don't know that co. I do know that I like titanium very much, along with lots of other metals. I haven't found a pure play, so I will look at these guys. My thoughts are that extra hot weather this year means more golf. -g- MB

To: PaperChase who wrote (28476)	5/25/1998 12:32:00 PM
From: Michael Burry	Respond to of 132070

FWIW, I bought into Titanium Metals recently around 25. Don't worry about Colorado. Worry about Boeing, a major buyer of their product. All the ratios are there to make it a value play, but remember that it is cyclical. See biz.yahoo.com A recent news item noted that the US is looking to sell all its Titanium reserves by 2005, but I'm not sure what to make of it. They recently initiated a dividend, which to me is a vote of confidence in the future. They also seem to be diversifying who they sell into, and I like things like their recent strategic allicance with Wyman-Gordon. If you like Timet, take a look at Tremont, which is its majority holder and also a Titanium play. Franklin Resources has a stake in Timet which they've recently upped. Current prices are fertile ground for investors, but the cyclical nature has to be accounted for. Good investing, Michael Burry