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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Bootz who wrote (12795)	1/18/1999 5:30:00 PM
From: Sergio H	Respond to of 29382

Bootz, the questions you raise don't have clear cut answers. I don't know what price TXI will be selling at by this summer, but it's an excellent bet that the price will be higher. TXI is an excellent way to play the federal highway bill. TXI supplies cement to the California and Texas markets and those two states will be the major beneficiaries of the highway bucks. The drop in steel prices due to Asian dumping will be offset by the decline in domestic production. How high will TXI go depends on earnings growth. Earning forecasts for fiscal 99 range from 3.20 to 4.45 and for the 3q 99 w-report due March 16th, the earning forecasts range from .22 to .51. Give TXI a PE of 10-15 per share and plug in your earning's estimate to forecast price. Nice pick in my opinion. AS

To: Bootz who wrote (12795)	1/23/1999 11:57:00 AM
From: Sergio H	Respond to of 29382

<TXI> Bootz, TXI was upgraded on Thurs. I haven't picked up any yet, but I'm concidering it. Thanks again for bringing it to the thread. "S&P Upgrades Texas Industries Shares to Accumulate" personalwealth.com S&P upgraded shares of Texas Industries (NYSE: TXI - news) to 4 STARS (accumulate) from 3 STARS (hold). Analyst James Friendly says the recent appreciation of the Japanese yen and Korean won, plus U.S. pressure on Japan to limit steel exports, is good news for TXI. The company has cut prices again on steel beams to retain market share, but he expects steel prices to begin improving in the second half of calendar 1999. He believes that TXI is a good value trading at 6.6 times his fiscal 1999 (May) EPS estimate of $4.10. Word on the Street brings you comments every trading day from Wall Street's top equity analysts on stocks or industries that are moving significantly.