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LAF stock at $19.50 is a bargain. PE is low, ROE and ROA look good. The company's fundamentals are strong. Ok, this is no "tech" stock, but investors can't ignore a strong company like LAF for that long... Furthermore, spring is coming, which is essential in the seasonal construction business, 1999 budget surplus have to be spent, and after all, interest rates are still relatively low, despite what one might think. I bought at $20.06 a few weeks ago and I am going to buy some more at around $20... I target a year-end price of $30-35, which I see as a reasonable assumption. Who ever disagrees with me, please respond.
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