Wyman Gordon (WYG) Established with low PE - how come?

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Non-Tech
Wyman Gordon (WYG) Established with low PE - how come?

An SI Board Since February 1999

Posts	SubjectMarks	Bans
13	0	0

Emcee: Findit	Type: Unmoderated

Introduction Compact

'WYG manufactures technologically advanced forging and investment casting components, and composite airframe structures for the commercial aviation, commercial power and defense industries. For the six months ended 11/30/98, revenues rose 16% to $428.5 million. Net income rose 7% to $26.9 million. Revenues reflect increased throughput at the Houston and Grafton facilities. Earnings were partially offset by production inefficiencies at certain plants.'

This company is making money, has a long tridition of doing so, has diversified into aerospace and appears to have a bright future. Why has the stock price taken such a beating? PE is less than 8.

What do you all think?

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Reply	Message Preview	From	Recs	Posted
13	Obviously I knew the company was being shopped. That's a bit different than	CMon	-	5/19/1999
12	CMON..For you not to have no clue this company was a serious take over candidat	Targetzero	-	5/18/1999
11	Targetzero, you're a schmuck. What upside was there for you in hinting tha	CMon	-	5/17/1999
10	WHEN YOU SEE WHAT HAPPENS IN THE NEXT FEW DAYS,IT WILL MAKE YOU EVEN MORE UPSE	Targetzero	-	5/15/1999
9	I jumped ship at 12+ for a small profit. That day it climbed to over 13. Next	Christopher Reed	-	5/15/1999
8	You missed the bottom , not the boat. Best cabins taken, steerage still availab	CMon	-	3/6/1999
7	Looks like I may have missed the boat on this one. EOM	Findit	-	3/5/1999
6	Still think you'll see 5 or 6? Or are you in now?	Michael Davis	-	3/5/1999
5	All that volume the last few days made me think something's up. So far, pr	Michael Davis	-	2/19/1999
4	It is tempting to jump in now at these prices. With the news of lower earnings	Findit	-	2/18/1999
3	Lots of volume today, some of which was me buying at 7 7/16.	Michael Davis	-	2/18/1999
2	I traded WYMN last year some, but not since the move. It was highly recommend	Michael Davis	-	2/17/1999
1	I've been watching this on occasionally for awhile. But not as a stockhol	Grommit	-	2/14/1999

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