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Author: mj10pdive Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 26  
Subject: anyone out there? Date: 7/11/2000 9:21 AM
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became interested in this stock that historically has been valued at $40-$50 a share but has been selling for half that amount the past few months. with all the speculation of buyouts and the forcasts of high earnings, looked like a good time to invest. anyone have any opinions? would love to hear anything that you think about york...share notes...etc.
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Author: JDMilroy Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13 of 26
Subject: Re: anyone out there? Date: 7/13/2000 7:52 PM
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Glad to see someone is showing interest in this board. I worked for York for a time -- and decided to pick up some shares when the stock dropped into single PE digits.

The industry is solid nuts and bolts. If most people in the organization are as good as the folks I worked with -- you have taken a good position.

I am not planning on taking any profits until it rises to its historical PE ratio average...

Whats your scoop on a takeover?

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Author: mj10pdive Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 14 of 26
Subject: Re: anyone out there? Date: 7/14/2000 10:13 AM
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I haven't heard anything in the last few weeks. Rumor has it about a month ago there were two bids made in one week...both in the mid-30s. And both of these bids were declined because they were looking for more. They say there are still people at the table, but are waiting to see the effects of earnings numbers that come out in two weeks. Who knows if there will be anything out of these rumors, but I sure would be a happy man if there was a takeover to the tune of $40 a share.

I am just beginning my Foolishness, are you a hard-core Fool? Or just looking to talk stocks? What kind of valuation do you typically use? I am just beginnning to get my feet wet, and would be interested in hearing what others think. Especially about YRK.

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Author: kishpj01 Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 20 of 26
Subject: Re: anyone out there? Date: 9/2/2000 3:49 PM
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As of 8/30 Q3 earnings expected to be below .67/share (due to Unitary unit 40% of the company) based on sales slump in geographies where there has been cooler than normal temps. Also, mfg housing market sales of unitary products (ac units, etc )down 30%. Also distributors are holding back on buying new units to keep inventory in line. New CEO Mike Young to initiate cost reductions in SGA expenses and start product and plant rationalization efforts to lower costs.

At the current price, projected pre-tax annual compounded rate of return is about 26% ... not bad compared to utx(carrier)and asd (trane).

Sales growth year over year from 98 to 99 was 17% ... cost of goods sold however was 19%, not good. Net income after taxes over same period declined 44%.

Cash and equivalents grew 74% from 98 to 99, but so did long term debt ... 135%.

Profitability from 98 to 99 in terms of net margin growth increased 79%, even though gross margin decreased 4%. In 1999, net profit margin was about 20%, SIGNIFICANTLY better than lennox, trane, carrier, and aaon.

Cash position reflects a 9% growth in chash flow rato from 98 to 99, however cash to debt ratio and cash margin both decreased. 1999 cash flow ratio is 1.61 .. a little high for my standards. Also, cash to debt ratio is only .02 and net cash is a negative $917 million.

I like the growth prospect with yrk but am very concerned about debt level and cash positions.

Now might be a good time to buy with the stock at such a low level .. you would really be betting on the new CEO's ability to carry cost cutting measures forward plus a favorable interet rate environment. If those two together works out posiitive, this issue will likely beat the S&P 500 over the next 3 years.













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Author: ccm888 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 22 of 26
Subject: Re: anyone out there? Date: 10/9/2000 1:00 AM
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Hello! I work at Upg Wichita and right now we are on strike for better wages,benefits and working conditions.I also hold some stock in York. I work in the plant and right now they have replacement workers in there and and 80%of them can't speak or read english. so good part of our day is spent reworking units that the wrong parts have been put on. A lot of us are worried that we might not have got all the bads ones before they got out. Some are not passing drug tests and are only there two weeks at a time. One person is doing 5 and 6 different jobs that are one person jobs. Even security people are working on the line along with buyers and engineers. All but 2 of the inspectors are on the strike line. To be frank I,m looking to invest my stock elsewhere. Looks like a Firestone situation to me.

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