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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (7858)	4/20/1999 12:56:00 PM
From: alan	Read Replies (3) \| Respond to of 18998

Mr. Pink - your highness - may I offer you readers my humble opinion regarding a non-internut, good old fashion value trade? The company is Primex Technology (PRMX - $21.) and it is a Kosovo play. They manufacture tank piercing ammunition, medium caliber ammunition, gun powder, and rocket engine components. It was a spin-off from Olin two years ago. It trades at 6.3x trailing EBITDA (adjusted for a acquisition) and 12x 1999 eps. The stock has not moved as it sits below the radar screen of most investors ($200m cap). I think up-side to $30 is reasonable as war related orders boost revenue growth and earnings. Thanks for the honor of using this thread to post my humble opinion - your humble servant.