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market commentary: 10.29.2001 the world will never be the same after last month's devastating attacks, and actually putting fresh money on the table at this point is a bit dicey. however, if one MUST deploy right now, stick with the safe bets: one that stands out is Pitt-Des Moines PDM. PDM is a diversified engineering and construction company that also processes and distributes a wide range of carbon steel products. Boring, yes. But one can't yawn too much at the fact that it is priced at a 30% FCF discount to similar capital goods companies! |
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