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  • all4wishes all4wishes Mar 29, 2010 1:26 PM Flag

    Is this a sound long term hold?

    define long-term. My definition is 5 years or longer.

    My strategy is never hold a stock in a cyclical industry more than 2 years. TEX is definitely in cyclical industries.

    My view on this stock over the next 2 years is that mid to upper 30s is a strong possibility. Downside is mid to upper teens. Therefore, my risk/reward view is pretty favorable at 22.

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