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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (4333)	6/22/1998 6:47:00 PM
From: James Clarke	Read Replies (1) of 78742

Penobscot Shoe. (PSO) Go figure. You buy something because the business is free, and the first quarter after you buy it sales go up 74% and earnings go from a loss of 4 cents to a profit of 10 cents. Their spring line did VERY well. Earnings came out after the close. I have to think this stock is going to go up significantly tomorrow. If it doesn't move at the open, the first trade will be mine. No, I did not predict this. But as I have said on this thread over and over again, when you buy a dollar bill for fifty cents, the surprises tend to be good ones. Jim

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