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Strategies & Market Trends : Value Investing

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To: sjemmeri who wrote (14327)	4/17/2002 10:41:16 AM
From: Paul Senior	of 78728

Steven J Emmerich. re: airlines. So far, it's a mixed bag for me regarding results. I have a few majors (including KLM), a regional, a parts repair company, an aviation gas supplier company, and a couple of "security" related (e.g BEAV). Overall, I'd say my results are mediocre at best here. Purchases before 9/11 are all losers, and I either did not add or did not add enough after 9/11 to overcome the prior purchases. (The stocks of all airline companies/suppliers I am looking at are up a goodly percentage from 9/11 lows.) Paul S.

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