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

To: Paul Senior who wrote (6844)	4/19/1999 12:31:00 PM
From: James Clarke	Respond to of 78525

FSS, OK Paul there's one we agree on. Good company.

To: Paul Senior who wrote (6844)	4/19/1999 1:59:00 PM
From: Grommit	Read Replies (1) \| Respond to of 78525

Heads up, textiles -- PTX Anyone follow pillowtex? They recently got nailed when they lowered announced EPS for the next 2 quarters tt .40 and .50 -- the analysts were at .59 and .54 projected. (Prior year was .39 and .42) biz.yahoo.com Notes from analyst interview after the announcement (2 pages - click to the next)-- it is very favorable -- messages.yahoo.com However the stock is still quite the bargain. Selected textiles are up recently on good outlook. Although I do not follow the others too closely -- SMI just beat estimates and MHK just upgraded today. quote.yahoo.com There was a Wall St Journal feature 4-12 on textiles. They separated generic textile and home fashion textilers. Said generic textiles outlook is weak due to foreign competition (and those who make denim should be having extra difficulty). BUR, Cone Mills, Galey and Lords, Uniffi they mention in this category. Home fashion, however was very strong, says the Journal. They have vary little labor as compared to apparel, and are therefore not subject to foreign competition. They mention WPSN and PTX in this category. Both WPSN and PTX have recently been spending $$$ tons on capital equip for expansion and cost reduction. More on PTX -- I have heard analysts mention and I have read that management of PTX is top notch. I like PTX better than WPSN. You gotta like a 7 PE stock that is growing solidly. I think the analysts went too far in the lowering of estimated and have a call into CFO to discuss. one last link quote.yahoo.com regards,