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

To: TwoBear who wrote (7089)	5/8/1999 2:37:00 AM
From: James Clarke	Respond to of 78472

I follow two companies closely that are suppliers to the steel industry. Both say the steel industry bottomed in the first quarter. This is an industry that has "bottomed" 10 times in the last 20 years while never "topping", but do with it what you want - I think its a loser's game unless you are really good at picking both bottoms and tops. I prefer the peripheral plays on steel that actually make money year after year, but trade like steel companies. Harsco (HSC) is one - its well off its bottom, but its got a long way to go in my view. Good company.