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Mohawk Industries Inc. Message Board

  • watchthedownside watchthedownside Jan 31, 2007 10:41 AM Flag

    Big fight going on between long and short

    I do not know who the largest shorters are, but most are pretty smart and they keep shorting more MHK up at these levels...I do know the larger longs and they are pretty smart too (Fairholme, Ruanne Cunnif, Weitz) valuation for MHK is $115 to $125 per share and no matter what I do realtistically to the numbers, I cannot get less than this valuation....I have known this business for years and have owned it once before, so I am pretty comfortable with my valuation even with the changes in the business mix and the new leverage......however, if you asked me where I thought the stock was going, it would be lower in the short term (to the mid 60's) as short term earnings will be below expectations.....and much higher over the next three years, as growth from the lower base will far exceed, unless we have a buyout or other takeout, this is my best efforts on where things are going....personally, I own 60% of what I want to own at $68 and will wait to see if I have a shot at buying the balance sometime in the next few months

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