Is The Time Now Ripe To Bite Into Figgie?

When Figgie International in late October reported a third-quarter loss of 80 a share--its first quarterly loss in 25 years--even those who expected bad news were shocked. Then Figgie slashed its dividend in half and, not surprisingly, the stock took a whacking--down to 13 a share from 21 early in the year. While many pros are bearish on the company, a small group of value investors says now is the time to buy.

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