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

To: Knighty Tin who wrote (40156)	12/20/1998 1:27:00 PM
From: Arthur Radley	Respond to of 132070

In "The Graduate", Dustin Hoffman was told....."the future is plastic". Well! Now as we get ready to enter a new century, could a small company like Summa Industries(SUMX) be telling us that plastic has arrived as a growth industry. They announced earnings after the close on Friday, and as their current trend continues, they beat First Call estimates by over 23%. It appears that they are on track for earnings well in excess of $1.20 for the current year and are currently trading with a PE of 8. Just think what this stock would be if it only traded at the industry PE.

To: Knighty Tin who wrote (40156)	12/20/1998 5:57:00 PM
From: Merritt	Read Replies (3) \| Respond to of 132070

MB: I don't know that going to Russia is much of an advantage these days, regarding determining the possible stockpiling of palladium...or anything else for that matter. From reports I've read, the only people who seem to have any control are gangsters. It seems to me that without reliable info coming from Russia, there's no reasonable method to determine supply, and that's why I give credibility to the traders I've talked to. They've made their evaluations from market observation...and that seems the only sensible thing to do at present, IMHO. I don't know anything about the platinum market, except that the Japanese have been the biggest consumers, and that makes me wonder about any meaningful advance in prices until the Japanese economy has shown enough strength to instill confidence in their consumers. I have spoken with people who've worked in the Russian oil patch, and their views are that it could take them 10 years to get their infrastructure in good enough condition to become a force in the world markets. On a different subject: I'm surprised no one seems to question the timing of the cessation of hostilities with Iraq. Doesn't it seem too coincidental that the bombing stops after the House completes its impeachment vote? If the attacks were predicated on switching U.S. attention away from the impeachment process and trying to make the Republicans look unpatriotic by continuing their attempt to impeach Clinton ( which I believe), then the stopping of attacks after the vote makes sense from Clinton's viewpoint. He doesn't want to risk anything negative occurring...like American lives being lost, and he also wants to foster the image of being respective of Islamic feelings during Ramadan. For a view of the English muslim's feelings see: the-times.co.uk It's disturbing that the press didn't jump all over Clinton's smoke screen with the Ramadan issue, and give greater credence to the opinion that his actions toward Iraq were a despicable political ploy. Merritt