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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Ron McKinnon who wrote (16800)10/16/1998 5:20:00 PM
From: StormRider  Respond to of 53068
 
Ralphie boy changes his tune...

SEES 8600, 8700 NEAR TERM IF TREND CONTINUES ON DOW.
NOW CHANGE OF HEART, CHANGE OF CONFIDENCE IN MARKETS.
WOULD LIKE TO SEE MARKET ENTHUSIASM 'SLOW DOWN' A BIT.



To: Ron McKinnon who wrote (16800)10/16/1998 8:45:00 PM
From: Greg Jung  Respond to of 53068
 
I can top your PAUH with a DBRN :

$0 debt, $1.70 eps trailing, recent miss by .01

$75 million repurchase would, at current price, possess 26% of stock.

recent low (Thu before AG action) - 11 1/2

Stock repurchase announced today. Trading at $15 (PE=7.6)
Market cap $345M
Institutional ownership 77%



To: Ron McKinnon who wrote (16800)10/17/1998 8:28:00 AM
From: Ron McKinnon  Read Replies (3) | Respond to of 53068
 
NTK

I wen into this one near the open on Friday

Here is the rational

NTK is a manufacturer of residential and commercial building products within 4 product groups: Residential Building; Air Conditioning and Heating; Windows, Doors & Siding; Specialty Products Group

earnings ests
1998 2.63
1999 3.56
TTM 2.26
P/E on TTM 9.3x, 1998 8.0x, 1998 5.9x; so lets call it a P/E of 8

lots of changes, divestitures and acquisitions have impacted revenues and earnings

a basic, dull company that will move with the economy, interest rates, and housing/commercial building starts

very low volume stock, a hold, not a trader

2 year chart shows support at 18
last week was a one year low; down from a high of 36, down 44% from the high
droped the prior few weeks on recession fears from 27
after 7 down days based in the 19.75-20.25 area for a week
is now showing a possible turn up
first resistance at 22.50-23.00, then up at 26-27
MACD looks ready to turn positive
stochcastics oversold

I think that this has a shot at 25 but may falter quickly
setting a tight stop at 21.375
want to reserve Z funds for a B/S 22 1/8 for Monday 1000 shares