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Date Posted: 21:58:51 02/17/03 Mon
Author: in the medium term--Washington?--correct.
Subject: SS analysis.
In reply to: addendum--match out.18 February 2003 's message, "Celt" on 21:30:54 02/17/03 Mon

Correct Washington at this stage of the ball game untill through time it can justify a higher valuation in staggered effect, from now stretching into the future--is worth so much--get your ruler out--eps--etc--as stated at the time of the Washington announcement--somewhere on one of these 5 scratchpads--it was a view expressed that those heavy volume days coming into the stock--weren't just for Washington---and then quite apart from the basic transit contracts--we have an improving company on fundamentals--thats aside for Syd San Fran so forth.
The market knows this info--for the volumes coming in at the 12 area is evidence of that.
SS.

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