Tuesday, November 09, 2004

DII.SV

Bought DII.SV @40
Very strong Q3 results and outlook positive; Numbers are revised upward by all. Q4 looks very strong. Revenues growth strong; Margin expansion due to lower material costs; Balance sheet manageable. Strong management; Valuation reasonable presently; Defensive; On the negative side, organic growth modest, free cash flow remains negative; No debt reduction until 05-06;

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