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The Rumor on the street is that Allegheny Teledyne plans on taking Kennametal over, which owns 83% or so of JLK. The Chairman of JLK bought $100,000 of jlk stock when it hit 20 and change last year - how low will he let it sit 50% below where he bought?

I think $25 to $35 in not out of the question once the market focuses on the growth rate.
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