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Abbott Laboratories Message Board

  • troothsayer troothsayer Jun 4, 1998 9:31 AM Flag

    Re: Cleanup with Maytag (MYG)

    I agree, Joe, that Maytag (MYG) does appear to be
    a strong buy at this point. My reasons for this
    opinion are-

    1. Standard & Poor's recently raised
    its credit rating.

    2. CEO Hadley said 1998
    will be a very good year and EPS should once again
    beat analysts estimates and set records.

    3.
    Sales agreements with Sears and other retailers will
    continue to broaden Maytag's markets.

    4. Based on
    current price of $48 3/4, 1998 PE of 18 and 1999
    projected PE of 16 are much lower than overall
    market.

    5. Stock has corrected 13% from its recent
    high.

    6. New home sales are at a record high, meaning many
    more washers/dryers, etc. will be needed.

    7.
    Upgrades will be coming from 3 major brokerage houses
    within the next month.

    There are other positive
    factors that I will send you, Joe, when I have more time.

 
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