Lear Stock is approaching that $65/share price predicted in August. Here is a summary of some media covered events pushing the price advances.Sept. 30 - Coverage initiated by Bear Stearns at OutperformOct. 2 - Upgraded by UBS from neutral to buyOct. 9 - Coverage initiated by Thomas Weisel at OutperformOct. 14 - MOODY'S RAISES LEAR'S RATING OUTLOOK TO POSITIVE FROM STABLE; CONFIRMS Ba1 LONG-TERM DEBT RATINGhttp://biz.yahoo.com/rf/031014/manufacturing_lear_moodys_1.htmlVitals from Yahoo! Finance 10/14/03.Current price: 62.04KEY STATISTICS Forward P/E (1 yr): 10.19P/S (ttm): 0.27Div Date: N/AEx-Div: N/AMore Key Statistics...ANALYST EPS Est (current year): 5.45EPS Est (current quarter): 1.02Avg Rec (current)*: 2.2PEG Ratio: 1.07In summary: Lear has been discovered. It has now gone from a sleepy little cyclical, barely covered and rarely noticed, to the latest toy of the big boys. I'm sure we'll be seeing higher prices for Lear in the future but also a lot more volatility. I think this media coverage is what is responsible for the nearly $10 price jump we've seen over the last month. Lear is a good stock, and a great company, what effect will this new level of attention have? Let's hope it's all good.Anyone else out there follow this company?... Anyone?... Anyone?... Bueller?...
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