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  • speakwithlove speakwithlove Mar 30, 2013 12:20 PM Flag

    E mail I received from Gencorp about the timing of earnings release

    Unfortunately, our policy is to not provide advance notification of the timing of our earnings releases each quarter. Thank you for your interest in our company.

    Ron Samborsky
    Vice President, Strategy
    GenCorp Aerojet

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    • I am totally long Gencorp, I'm buying as many shares as I can and suggest you do the same. It's up 50% since November. I think Mario Gabelli is correct, it will double again by years end. Why?
      1. Acquisition of a major competitor, Rocketdyne, will be approved by the FTC in April or May.
      2. Governments will have to buy more missile parts to counter North Korea/Iran.
      3. Last and most important of all, Easton. Gencorp owns the last large undeveloped tract of land in urban Sacramento. They're developing 6000 acres of it (half). That process is 5 years along now, they will break ground very soon. The land is on their books at 1955 acquisition price of $33million. It's worth 1 billion easily. Metropolitan Sacramento is California's capitol and 4th largest urban area, with over 1,440,000 residents.

20.800.00(0.00%)Apr 24 4:01 PMEDT