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Must Be Patient

06/23/05 11:39 AM

#403527 RE: south louisiana #403510

My thinking on DWA is that (1) they will postpone the secondary due to the weak share price and (2) they will average about $3 EPS/year in 2005-2007 with the bulk of the earnings coming in 2007. With that in mind , and thinking that a lot of the recent selling pressure is funds dumping before the end of the half, I would think a bottom would be close or maybe just happened. My worry is that after all this it will just be a momentum low.

As far as short-term news goes, I think Madagascar is in shape to do very well internationally.