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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (3006)	12/17/1998 2:36:00 PM
From: Crossy	Respond to of 37387

Bosco. you are so right. Insider buys are no guarantee but an indicator that management got faith in its own business plan. However with a company going on the acquisition trail it's another story than for a company just trying to introduce a new product. If you buy other companies with existing biz, then you inherit the markets, customer base, chains-of-processes etc. Then you can built on it and try to optimize and integrate the biz into your whole structure. if You buy 4 or more companies, chances are that at least some of them are real winners and add value to the portfolio of markets/products your firm operates with. Introducing new products is even less predictable. (aka CTU) AQlso, CTU only targeted just a niche while PCTH covers many corners of aerospace/defense subcontracting needs. They got knocked down because of 2 reasons: 1) bad aerospace industry climate caused by BA - but BAs steps of reducing depth of manufacturing should mean even more biz for subcontractors like PCTH (!) 2) they had problems integrating 1 subsidiary and goodwill writedowns last quarter once this cleers, they should be nicely back on track to $8+ I rode PCTH from $4 to $7 and from $3 to $6.5 in the past. Like that company best regards CROSSY