Tenneco Inc. Message Board

Price has dropped because there are too many
political ass kissers in the management role with this
company and not enough people making things happen. Upper
management needs to grab this bull by the horns and make
something positive happen. Yes, now might be a good time to
buy because the price has dropped dramatically
lately, but don't be surprised to see this rock drop even
further before anything positive happens. Wall Street has
heard a lot of promises and a lot of restructuring, but
still nothing positive. Wall Street is bored with the
restructuring anouncements.


X

As a common investor of TEN I ask myself what is
going on?
I feel its looting, plunder & highway
robbery.
Here is TEN in a nutshell:

Top 5 Institutions
with open interest in TEN
1 BARROW, HANLEY
MEWHINNEY & STRAUSS, INC. 03/31/99 21,481,770
2 MORGAN
STANLEY DEAN WITTER & COMPANY 03/31/99 10,662,171
3
DELAWARE MANAGEMENT BUSINESS TRUST 03/31/99 8,330,342

4 MORGAN (J.P.) & COMPANY INCORPORATED 03/31/99
4,906,191
5 HOTCHKIS AND WILEY 03/31/99 4,864,003

http://www.marketguide.com/mgi/instit_owner/8716N.html

VALUE: TEN has a Value of $22.9 per share.
Value is the foundation of the VectorVest system. It is
a measure of what a stock is currently worth. Value
is based upon earnings, earnings growth rate,
dividend payments, dividend growth rate, and financial
performance. Current interest and inflation rates also play an
important role in the computation of Value. When interest
and/or inflation rates decrease, Value goes up. When
interest rates and inflation increase, Value goes down.
Sooner or later a stock's Price and Value always
converge

http://www.pcquote.com/cgi-bin/analysis.exe?ticker=TEN


The prognosis? Bad Mission & Vision delivery.
The
diagnosis? Sack & replace Top & Executive
Management!
It's now up to the institutions to take immediate
corrective action. Even a totally brain dead moron can do a
better job at TEN. This current state of affairs is due
to a fine collection of losers and victims at
Tenneco Packaging and Tenneco Automotive. Precision
surgery and a few key changes is all that is required to
bring things back under control.

Reason is stock out of favor due to multitude of
reasons. Primary is uncertainty of outcome of split up of
two remaining divisions into two separate companies
(see articles at marketwatch.com). Dividend will be
less with new entities than it is with combined
company (this has been known for some time). On positive
side, earnings are strong as you indicate (tomorrow
will tell more after press conference). Fair value of
this stock was $33 six months ago (S&P stock report)
and not that much has changed since then. Looks like
stock has bottomed. Could be good contrarian
play.

Good luck!

I'm new to TEN and was wondering if someone could give a recap as to why the stock has fallen so much. Earnings seem to be strong.

Thanks to those who have responded, one way or
the other. We have been aware for some time that
Lyondell wanted to sell off parts of our facility. Maybe
this is the start, or maybe not. I'll keep the resume
handy. Thanks again.

Hi at ARCO,

Each employee has the right to
a different opinion, but I always considered him
one of the more decent guys at his level. That
doesn't say a lot, but it seemed that the incompetence
and corruption of others did not rub off onto him so
easily.

Good Luck

Ten. What are your prediction for Ten by next
year. If they announce major restructuring that is
laying off more people will earnings be coming back and
the stock price going back to the 30 to 40 level. Any
chance?

Long time.....thanks for the reply....hope all is well...You're right....NONEACO......fits with the stock value as well...Cheers !!

..sounds like a real dick......Typical Ten...When will they (Mgmt) cost cut themselves.....I'll give em the knife if they need one.

Seems to me, if you can sue Doctors for
malpractice - - these
C-suckers ought to qualify. They've
done much more harm to more people than all the quacks
since the beginning of time !

Hey California - -
how about another proposition ?