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

To: TwoBear who wrote (7372)	6/2/1999 11:58:00 AM
From: Paul Senior	Respond to of 78627

TwoBear, re GRO. I'd guess price fluctuations now (9 range)are random. I can't see any new info. on the stock to cause upswing. Wouldn't be surprised to see stock hitting new lows- esp. given Dow and Nasdaq swings in past few days. Longer term if the cycle turns upward (assuming that the business is cyclical), how about 16 as a reasonable target? That's about today's stated book value. Stock's hit its book value every year its been a public company (5 years). But a dangerous assumption on which to pin hopes since sales were growing and now look to be decreasing. But... if/when cycle returns (that might be a big IF/WHEN) I'd say it "should" happen again. Last year, as you saw, some insiders were buying at 15-16 level. I will try to hold position for 2 years to see if stock comes back. Paul