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


To: James Clarke who wrote (4721)8/20/1998 6:55:00 AM
From: Bob Rudd  Respond to of 78615
 
INCO: The estimates on Yahoo for N for 99 ran from -.75 to 1.05. Estimates usually reflect too tight a range due to analyst herd behavior. This indicates what a crap shoot N is. There are stocks available offering PE's of 9 and below [Inco's most optimistic] so it's possible to duplicate the best case scenario with IMO far less risk that is implied by lower estimate outcomes.
Completely agree that this is driven by Nickel prices which are largely unpredictable - If Russia is a large producer, supplies could soar if they dump it to get hard currency, or supplies could freeze if Russia collapses.
Disclaimer: I have not researched N in depth and am just offering a not too terribly informed opinion.
Regards,
Bob



To: James Clarke who wrote (4721)8/20/1998 9:50:00 AM
From: Scott Mc  Respond to of 78615
 
Inco..Article in todays Globe and Mail..
globeandmail.com



To: James Clarke who wrote (4721)8/21/1998 10:27:00 AM
From: Wallace Rivers  Read Replies (2) | Respond to of 78615
 
Jim:
I believe it is you who has mentioned YPF (I own as well) - it has gotten clobbered of late. I'm going to the boards to check it out, but what is your opinion?