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who wrote (
11/18/2011 1:43:34 AM
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It is worth watching but I am not betting the farm on them. Their cash flow situation has scared a lot of people, and they have unfunded pension liabilities that the French govt won't let them off the hook for. Nothing due next year, but in 2013 they will likely have to make a payment. If macro conditions deteriorate and if the sector doesn't improve, they could be in serious trouble. On the other hand, if things break right for them, they could easily be a triple or more from here over the next couple of years.
We'll have to see.
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