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General Cable Corp. Message Board

  • C_Wallis_Jr C_Wallis_Jr Jul 19, 1999 1:44 PM Flag

    Wasn't this 3-99 recomendation

    more interesting.............On March 18, 1998
    Warburg Dillon Read analyst Quinten Nufer issued a 2 page
    Company Report on General Cable Corporation. Report
    highlights: 'The 1998 and 1999 EPS estimates were raised to
    $2.71 from $2.67, and to $3.07 from $3.01,
    respectively, to reflect an increase in operating margin
    expectations. A BUY rating was maintained as the target price
    was raised to $50 from $44. The company reported 1997
    EPS of $2.22.'

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    • They are planning to rationalize their building
      wire business to reduce excess capacity in the U.S.
      They haven't been able to benefit from the copper
      price increase, because their building wire market is
      still very competitive. ``We can't do much to impact
      the price of copper or spur fundamental end user
      demand for our products. However, as the market leader
      with the most extensive asset base and customer
      franchise in the industry, we can provide leadership in
      rationalizing operations, reducing our costs and improving the
      value proposition we offer our customers."

    • I notice that two analysts raised their BGC
      estimates since the earnings report came out. The raises
      are small, but we now have analysts at $2.20 for next
      year. That's a forward-looking P/E of about
      7.5x.

      I think BGC needs to gather itself a bit before
      trying to break through tough resistance at 17 5/8. The
      run-up last week was a bit too quick to sustain. I think
      we had some profit-taking yesterday.

    • I bailed out at $17. Hated to do it but rode it
      up from 14.25. I got a feeling I got out to soon. Im
      concerned about how the rest of the market is acting.
      Hopefully we can buy back at a lower price but I got a bad
      feeling its not going down far. Second time Ive done this
      the last couple of months. Well at least your still
      long maybe buy some more lower. I forgot about the
      dividen too. Got out to early darn it. Still think we
      will get to that $20 area some time.
      Moose

    • On March 18, 1998 Warburg Dillon Read analyst
      Quinten Nufer issued a 2 page Company Report on General
      Cable Corporation. Report highlights: 'The 1998 and
      1999 EPS estimates were raised to $2.71 from $2.67,
      and to $3.07 from $3.01, respectively, to reflect an
      increase in operating margin expectations. A BUY rating
      was maintained as the target price was raised to $50
      from $44. The company reported 1997 EPS of $2.22

    • I think we should be at $20 now but with the
      stock market in term oil we dont have the volume,not
      enough buyers. But based on next quarters estimates
      which to me look pretty possible I think we can go
      higher. Demand is the key here and lets think about this.
      We just bought a huge company extending our product
      line. So far it hasnt hurt us and is looking great. The
      reason I say great is that Asias economy is getting
      better Europe should get better and the trump card that
      no one has mentioned is the rebuilding of Kosovo! I
      also think that China is going to have to improve
      their interstructure before they can continue making
      progress and thats a huge market. The best part is we are
      there now. We are international and we have to start
      thinking like that. I think the long term prospects of
      this company look great if they can put it all
      together and make it work.
      Moose

    • Based on what management is saying about the
      second half of the year, it looks like some analysts'
      estimates will have to come up a bit -- or are we already
      seing that priced into the stock the last couple of
      days.

    • Chart looks like we will continue upward trend, be patient. Glad Im not in an internut stock! Still looking for 18 to 20 in here.
      Moose

    • <EOM>

    • <EOM>

    • Check out the company called U.S. Funding. I
      invested in their private
      offering for Emsanet - A new
      internet service provider. When I called U.S.
      funding
      they told me that Emsanet should be a profitable
      investment because
      they only charge $12 a month for
      service, have zero debt, plan to be
      profitable before
      they go public & plans to pay dividends before they
      go
      public. They are selling 1,000,000 shares at three
      dollars and fifty cents
      a share with a minimum
      investment of $3,500. The company plans to go public
      at
      the beginning of 2000 at around $20 a share. You can
      contact them by
      calling toll free 1-877-387-3863 or
      you can e-mail them at
      usfunding1@aol.com.If you
      e-mail them include your daytime phone number.

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BGC
14.07+0.11(+0.79%)1:18 PMEST

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