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Technology Stocks : Associated Group / Teligent

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To: Tecinvestor who wrote (37)4/16/1999 1:22:00 PM
From: Tecinvestor  Read Replies (2) of 76
On April 15, 1999 Legg Mason analysts Bradley Williams and Sean Butson issued a rate change on AGRPB. The report states in pertinent part:

* Raising target price on AGRPB shares to $70 from $60 and reiterating Buy rating.
* Lowering risk rating to Above-Average from Speculative due to stability of underlying securities in portfolio.
* Discount to portfolio value has expanded to near historical levels.
* TruePosition value remains as a yet-to-be realized $12 upside for investors.

This is a very good report, for all of the enumerated reasons. For those of you who are unfamiliar with Legg Mason, they have been following this stock for a long time and have issued a number of comprehensive reports on the company. I have found their research to be very good.
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