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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (2408)	11/10/1997 7:00:00 PM
From: Ron Bower	of 78656

James, Ignore my words of caution. I can't control my own irrational exuberance and am a poor one to caution others. You posted a very good piece of investing wisdom last week. I'd like to add something I'm learning the hard way. If you have a loser, get rid of it and put the money to work in something with more potential. I held a turn around company (or so I thought) thru 2 quarters before I was convinced the losses were poor management giving seemingly plausible excuses. Companies with a track record of success can have obstacles to overcome (like a labor strike) but will get back on track. Companies that lose will probably continue to lose. WHX was a profitable company and will be again. They are to be commended for the actions they took during the strike to minimize the impact on shareholders and for holding out against conditions that would have reduced their ability to compete. There is little doubt that the share value will substantially increase as soon as they begin showing profits. I'm just too impatient to make the investment. For what it's worth, Ron

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